Possibilities of opening branches of Saudi banks in Sudan being explored: Al-Jadaan

saudi sudan banks branches possibilities
Saudi Arabia

Possibilities of opening branches of Saudi banks in Sudan being explored: Al-Jadaan

Saudi Gazette report JEDDAH — Minister of Finance Muhammad Al-Jadaan discussed with the governor of the Saudi Central Bank (SAMA) the feasibility of opening branches of Saudi banks in Sudan, the Sudan News Agency (SUNA) reported. This move is aimed at facilitating the movement of capital between the two countries, in addition to expediting the remittances of Sudanese expatriates, Al-Jadaan said during his meeting with the Sudanese Prime Minister Abdullah Hamdouk on Wednesday in Paris. Al-Jadaan confirmed the Kingdom's pledge to work jointly with Sudan in negotiations to deal with its debts with countries outside the Paris Club, including China, Kuwait, the UAE, and Japan, indicating that the main desire is to completely exempt the debt and not reduce it. He noted the formation of a committee, in cooperation with the Public Investment Fund (PIF), headed by him, to take direct practical steps on the joint investment company between the two countries that had been announced. Recently, Saudi Arabia announced a $20 million grant to contribute to covering Sudan’s financing gap with the International Monetary Fund during an international conference in Paris. Foreign Minister Prince Faisal Bin Farhan said that Custodian of the Two Holy Mosques King Salman and Crown

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