Al-Jadaan discusses possibility of opening Saudi banks branches in Sudan

Mohammed Al-Jadaan, Minister of Finance

Minister of Finance Mohammed Al-Jadaan discussed with the governor of the Saudi Central Bank (SAMA) the possibility of opening branches of Saudi banks in Sudan, the Sudan News Agency (SUNA) reported.

This move is aimed at facilitating the movement of capital between the two countries, in addition to expediting the remittances of Sudanese expatriates, Al-Jadaan said during his meeting with the Sudanese Prime Minister.

Al-Jadaan also confirmed the Kingdom's pledge to work jointly with Sudan in negotiations to deal with its debts with countries outside the Paris Club, including China, Kuwait, the UAE, and Japan, indicating that the main desire is to completely exempt the debt and not reduce it.

He also noted the formation of a committee, in cooperation with the Public Investment Fund (PIF), headed by him, to take direct practical steps on the joint investment company between the two countries that had been announced.