CAIRO, Sept 28 (MENA) - The National Bank of Egypt (NBE) is set to open a new branch in Riyadh now that the Saudi cabinet approved the required license, NBE vice president Yahia Abul Fotouh told MENA on Tuesday.

Applauding the bank's decision to set up the new branch in Saudi Arabia, Abul Fotouh said the Saudi market is a promising one and also there are over three million Egyptian expats working in the sisterly Arab nation.

He noted that the new branch will be opened soon.

In the same vein, Abul Fotouh revealed that the bank is also set to inaugurate its new branches in Juba and Khartoum in the near future, upon obtaining all necessary approvals and licenses. (MENA)

M A A/R E E