Retail Banking
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HSBC Saudi Arabia Agrees to Relocate 3 Units to SABB’s Unit
HSBC Saudi Arabia said it had agreed to transfer its asset management, retail brokerage and retail margin lending businesses to Alawwal Invest, a unit of the Saudi British Bank (SABB). The deal allows HSBC Saudi Arabia to focus on its investment banking, institutional brokerage and custody business, it said in…
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