Three foreign banks get KSA licences
Saudi Arabia: Tuesday, June 01 - 2004 at 11:23
The Saudi Cabinet has announced that JP Morgan Chase, BNP Paribas and Deutsche Bank will be allowed to start operating in the Kingdom, further opening up the highly-profitable local financial sector, reported the SPA news agency. The decision comes as the Saudi Arabian application to join the World Trade Organisation reaches a critical stage.
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Peter J. CooperTuesday, June 01 - 2004 at 11:23 UAE local time (GMT+4)
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This Article was updated on Wednesday, June 02 - 2004
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