Investment Banking
Regulation, Risk & Compliance
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Saudi's Alawwal Bank gets regulatory approval for derivatives trading unit
Saudi Arabia's Alawwal Bank said on Thursday it had received regulatory approval to set up a fully owned subsidiary that could trade derivatives and repo agreements. Establishing the subsidiary, located in the Cayman Islands, will have no impact on the company's current financial statements, Alawwal said.
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Click here to read the full story: Reuters