Egypt’s Banque Misr to open three branches in Saudi Arabia, chairman

Banque Misr, Egypt’s second largest bank, plans to open branches in the Saudi cities of Jeddah, Riyadh, and Tabuk, chairman Mohamed El-Etreby said on Wednesday.

El-Etreby’s statements came after Saudi Cabinet granted a licence for Banque Misr to open its first branch in the kingdom.

The anticipated branches will present all Banque Misr’s banking services to both Saudis and expatriates from different nationalities, notably the Egyptian community in the kingdom, he added.