Cabinet approves Swiss UBS AG to open branch in Saudi Arabia

23/04/2024 Argaam

Cabinet approves Swiss UBS AG to open branch in Saudi Arabia

Custodian of the Two Holy Mosques King Salman bin Abdulaziz

The Cabinet, chaired by King Salman, gave the green light today, April 23, for Swiss bank UBS AG to open a branch in Saudi Arabia.

 

The Cabinet also approved the unified law for international road transport among GCC states, Saudi Press Agency reported.

 

Further, the Cabinet considered the World Bank's selection of Saudi Arabia as a knowledge center for spreading the culture of global economic reforms globally as a breakthrough, reflecting the Kingdom's great rankings in the global competitiveness reports.

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