The Syrian cabinet has approved a license for setting up a Syrian-Iranian bank in Damascus, with an initial capital of 1.5bn Syrian pounds (approx. $32m), the Islamic Republic of Iran News Network has reported. Iran's Saderat Bank, Alghadir Co, and Saipa Co, own 25%, 16% and 8%, respectively, of Al-Aman Bank's shares, while the remaining 51% of the shares will be offered to the public through Syria's stock exchange market.
You might also like...
McDermott completes financial restructuring exercise
28 March 2024
Region heads for hotel boom
28 March 2024
Lowest bidders emerge for Kuwait housing project
28 March 2024
Redcon wins Red Sea Triple Bay infrastructure deal
28 March 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.