Saudi-based Al-Rajhi Bank has received approval from Jordanian authorities to start banking business in the kingdom. The bank plans to have five branches in Jordan within one year, the first of which will start in 2010, chief executive Abdullah Al-Rajhi told Reuters. 'We plan to start the first Jordanian branch by the end of this year and we will add four other branches by the end of the first quarter of 2011,' he was quoted as saying by the news service.
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