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Saudi Arabian Monetary Agency (SAMA) has issued licences to 10 foreign banks, including National Bank of Pakistan, to operate in Saudi Arabia.
The banks have also been authorised to open branches in the country. The newly licensed foreign banks include BNP Paribas, J.P. Morgan, Deutsche Bank, the National Bank of Kuwait, the National Bank of Bahrain, Emirates Bank, Gulf International Bank and State Bank of India.

Copyright Pakistan Press International, 2005

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