Bahrain's GIB Establishes Saudi Arm With $2 Billion Capital

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Bahrain-based Gulf International Bank converted its Saudi operation into a locally incorporated bank with 7.5 billion riyals ($2 billion) capital, as the lender looks to boost its presence in the kingdom. The bank's Saudi arm will be owned equally by GIB, as the ...

from Google Alert - Business http://bit.ly/2VV4DNr
Bahrain-based Gulf International Bank converted its Saudi operation into a locally incorporated bank with 7.5 billion riyals ($2 billion) capital, as the lender looks to boost its presence in the kingdom. The bank's Saudi arm will be owned equally by GIB, as the ... https://ift.tt/eA8V8J

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