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UBS wins Saudi licence
- Saudi Arabia: Wednesday, July 09 - 2008 at 07:10
UBS has won a licence to open an investment banking branch in Saudi Arabia, reported Reuters. The Saudi operation, called UBS Saudi Arabia, will enable the bank to extend its position in wealth management in the Gulf, said John Fraser, who will be chairman of the unit. UBS has also applied for a licence to operate in Qatar.
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