Saudi British Bank and HSBC
HSBC owns 40 percent of Saudi British Bank.
HSBC Bank Middle East Ltd. is based in Dubai and operates from 31 branches in the U.A.E., Oman, Bahrain, Qatar, Kuwait, Jordan, Lebanon and Palestine, and units in Egypt and Iran. The bank plans to open an investment banking unit in Saudi Arabia this month as rising oil prices stoke the economies of the Persian Gulf’s oil producers and boost demand for financial services.
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