Saudi Arabia seeks to broaden financial ties with the UK – The National

Saudi Arabia seeks to broaden financial ties with the UK – The National

Saudi Arabia, the Arab world’s biggest economy, is planning to expand financial ties with the UK as part of a bilateral push to deepen trade and economic relations.

The kingdom has authorised Finance Minister Mohammed Al Jadaan to discuss the draft of a preliminary agreement with the UK Treasury to “enhance co-operation in the areas of developing financial and public financial services”, the state-run Saudi Press Agency said in a Cabinet statement on Tuesday.

The Ministry of Finance was directed to get the approved pact signed and “complete the legal procedures” thereafter, according to SPA.