Saudi Cabinet approves licenses for 2 local digital banks

22/06/2021 Argaam

Custodian of the Two Holy Mosques King Salman

The Saudi Cabinet, chaired by the Custodian of the Two Holy Mosques King Salman, approved on June 22, the Minister of Finance to issue necessary licenses for STC bank and Saudi Digital Bank.

 

The decision comes in accordance with Article 3 of the Banking Control Law issued by Royal Decree No. (M/5), Saudi Press Agency reported.

 

Both banks are currently under establishment.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.