Saudi-Syrian joint bank deal

Syria and Saudi Arabia have reached an agreement to establish a joint banking institution with shared capital, aimed at enhancing financial cooperation and facilitating investment flows between the two countries. Syrian Governor, Safwat Raslan, discussed with delegations from the Saudi and Syrian Business Councils ways to support long-term investment projects, establish direct and organized banking channels, and improve banking transfer operations between the two nations. Both parties also emphasized the importance of developing electronic financing mechanisms to boost banking service efficiency and support projects in the tourism and real estate sectors, with the goal of attracting Saudi investments and strengthening financial stability in Syria.

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