Font Size

- Aa +

Thu 6 Nov 2008 10:00 AM

Font Size

- Aa +

Islamic lender wins licence for Saudi operation

$133mn unit of Kuwait Finance House gets go-ahead to offer services in kingdom.

Islamic lender Kuwait Finance House said on Thursday its fully-owned Saudi unit has won an investment licence to operate in Saudi Arabia.

The 500 million Saudi riyal ($133.3 million) firm would be allowed underwrite, manage and offer consultancy services for securities in the Saudi market, the lender said in a statement. (Reuters)

For all the latest Saudi Arabia news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.