Saudis to form investment bank in Bahrain

The Bahrain Monetary Agency has recently granted a license to a group of Saudi businessmen who plan to establish a capital investment company.

The company will establish a capital of 150 million US dollars to be paid by two investors. It was noted that with the establishment of this company, the size of active investments in Bahrain will rise by 30 percent, as its consolidated budget will increase to 4 billion US dollars.

The names of the Saudi investors in this company have not been disclosed, but it is expected that their names will be announced later.

The Bahrain Monetary Agency has issued four new licenses within the first of this year, showing that it has become an international monetary center.

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