VOL. XLV
No 28
15-July-2002
SAUDI ARABIA
Al-RajhiCommercial Foreign Exchange To Merge With 30 SmallExchange Operations
The Saudi daily al-Watan reported on 5 July that the Saudi ArabianMonetary Agency (SAMA) has announced a decision to merge Al-RajhiCommercial Foreign Exchange with 30 smaller exchange operations in the kingdomto create a new commercial bank which is to be headquartered in Jiddah. Representatives of the exchange houses have metwith SAMA to discuss the prospective merger and have...
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