Saudi Cabinet approves setting up SME bank

16/02/2021 Argaam

Saudi Arabia’s Cabinet gave the go-ahead today, Feb. 16, 2021, for setting up a small and medium enterprises (SME) bank, state-run SPA reported.

 

The Cabinet also decided to terminate the Saudi Railways Organization (SRO) starting from next April.

 

Saudi Railway Company (SAR) will replace the SRO in all contracts, agreement, contractual obligations, licenses, permits or decisions.

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