Riyadh – Mubasher: The Saudi Arabian Monetary Authority (SAMA) has ordered banks not to increase their exposure to any Qatari clients, Bloomberg reported.
The order includes treasury investments, loans, letters of credit, and trade-finance facilities, the people told the agency.
Some banks in Saudi Arabia, Bahrain, and the UAE have already begun cutting their exposure to Qatar, according to sources on Wednesday.
Saudi Arabia, Bahrain, Egypt, and the UAE had cut their diplomatic relations with Qatar on Monday.
