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Regulator approves cap increases for SABB and Saudi Hollandi
Saudi Arabia's financial regulator has approved a 33 percent capital increase for Saudi British Bank (SABB) and a 20 percent hike for Saudi Hollandi Bank, it said in separate regulatory filings on Sunday. SABB, an affiliate of HSBC, will raise its capital to 10 billion riyals ($2.67 billion) from 7.5…
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Click here to read the full story: Reuters