Egyptian Al-Ahly Bank to Open Branch, in Saudi Arabia

The Saudi Cabinet has approved, during a virtually held session on Tuesday, to grant the Egyptian Al-Ahly bank a license to open a branch, inside the Kingdom of Saudi Arabia.

Furthermore, it decided also, in this regard, to authorize the Minister of Finance to decide on any subsequent request from the Egyptian bank, to open other branches inside the Kingdom.”

Approval of licensing the National Bank of Egypt to open a branch in the Kingdom, and authorizing the Minister of Finance to decide on any subsequent request, to open more other branches of the bank, in the Kingdom.