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He stressed that this would contribute to the creation of employment opportunities for Saudis and promote financial sector development.
Residents and residents of the Kingdom should offer banking services provided to the banking sector by Standard Chartered Bank after the approval by the Cabinet of Ministers on Tuesday of the London-based bank's license, which should be reflected in the performance Local banks through product competition for the customer.
In this regard, Dr. Abdullah bin Ahmed Al-Mughlout, an economist and member of the Saudi Economic Association, stressed the importance of this decision of the Council of Ministers authorizing the Standard Chartered Bank to open a branch in the Kingdom. Provide funding programs for all sectors, but will support the economic movement of providing business and citizen financing programs, but will offer competitive products to other licensed and local banks.
This license will contribute to opening employment opportunities to the country's citizens and will strengthen the development of the financial sector in line with the 2030 vision of diversifying income sources as well as economic diversification and these two financial policies, by supporting the programs. and boosting revenue for investments, by providing the best products and mechanisms needed. Businesses and business people will also contribute, God willing, to the financing of small and medium enterprises.
He added that these international banks are eager to participate in the Kingdom's existence because of the political and economic stability of the Kingdom, in addition to the success of the fiscal policy adopted by the State represented by the Ministry of Finance. and the Saudi Monetary Agency, while enjoying the human energy. Saudi Arabia in this field through employment within these foreign banks and who has extensive experience and a strong base spread in more than 70 countries across the world, reflecting its financial and financial programs in a positive and stimulating way.
"Pollution": This will affect the local banks after the authorization of "ministers" of the bank "Standard"
Issa Al Harbi
previously
2019-02-26
Residents and residents of the Kingdom should offer banking services provided to the banking sector by Standard Chartered Bank after the approval by the Cabinet of Ministers on Tuesday of the London-based bank's license, which should be reflected in the performance Local banks through product competition for the customer.
In this regard, Dr. Abdullah bin Ahmed Al-Mughlout, an economist and member of the Saudi Economic Association, stressed the importance of this decision of the Council of Ministers authorizing the Standard Chartered Bank to open a branch in the Kingdom. Provide funding programs for all sectors, but will support the economic movement of providing business and citizen financing programs, but will offer competitive products to other licensed and local banks.
This license will contribute to opening employment opportunities to the country's citizens and will strengthen the development of the financial sector in line with the 2030 vision of diversifying income sources as well as economic diversification and these two financial policies, by supporting the programs. and boosting revenue for investments, by providing the best products and mechanisms needed. Businesses and business people will also contribute, God willing, to the financing of small and medium enterprises.
He added that these international banks are eager to participate in the Kingdom's existence because of the political and economic stability of the Kingdom, in addition to the success of the fiscal policy adopted by the State represented by the Ministry of Finance. and the Saudi Monetary Agency, while enjoying the human energy. Saudi Arabia in this field through employment within these foreign banks and who has extensive experience and a strong base spread in more than 70 countries across the world, reflecting its financial and financial programs in a positive and stimulating way.
February 26, 2019 – 21 Jumada Al-Akhirah 1440
The time now is 23:30
He stressed that this would contribute to the creation of employment opportunities for Saudis and promote financial sector development.
Residents and residents of the Kingdom should offer banking services provided to the banking sector by Standard Chartered Bank after the approval by the Cabinet of Ministers on Tuesday of the London-based bank's license, which should be reflected in the performance Local banks through product competition for the customer.
In this regard, Dr. Abdullah bin Ahmed Al-Mughlout, an economist and member of the Saudi Economic Association, stressed the importance of this decision of the Council of Ministers authorizing the Standard Chartered Bank to open a branch in the Kingdom. Provide funding programs for all sectors, but will support the economic movement of providing business and citizen financing programs, but will offer competitive products to other licensed and local banks.
This license will contribute to opening employment opportunities to the country's citizens and will strengthen the development of the financial sector in line with the 2030 vision of diversifying income sources as well as economic diversification and these two financial policies, by supporting the programs. financial incentives and stimulating income for investments; Businesses and business people will also contribute, God willing, to the financing of small and medium enterprises.
He added that these international banks are eager to participate in the Kingdom's existence because of the political and economic stability of the Kingdom, in addition to the success of the fiscal policy adopted by the State represented by the Ministry of Finance. and the Saudi Monetary Agency, while enjoying the human energy. Saudi Arabia in this field through employment within these foreign banks and who has extensive experience and a strong base spread in more than 70 countries across the world, reflecting its financial and financial programs in a positive and stimulating way.
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