Syrian Cabinet licenses Bank of Oudeh in Syria

Syrian Cabinet on Thursday approved a proposal submitted by Central Bank of Syria asking the permission of establishing a private bank in Syria.

The approval provides for permitting the personalities of Bank of Oudeh, Group Sradar, Bank of Oudeh Sradar for Businesses and Lebanon Invest Company of Abdullah al-Rajihi to share in establishing a private bank in Syria named "Bank of Oudeh Syria."