Riyadh – Mubasher: The Saudi Cabinet has approved granting a banking license for Bank of China Ltd. to open a branch in the Kingdom, state-run Saudi Press Agency (SPA) reported.

Moreover, the Cabinet meeting that was chaired by King Salman bin Abdulaziz has delegated the Minister of Finance, Mohammed Al Jadaan, to look into any similar requests by the bank in the future to open other branches across Saudi Arabia.