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Saudi cabinet approves establishing bank of SMEs -SPA

CAIRO, Feb 16 (Reuters) - Saudi Arabia's Cabinet approved onTuesday establishing the bank of small and medium enterprises,state news agency (SPA) reported.

"The SMEs Bank brings together all financing solutions underone umbrella to enable the small and medium enterprises sectorto access appropriate financing and achieve stability andgrowth," the Ministry of Commerce said on Twitter.(Reporting by Omar Fahmy and Nayera Abdallah; Editing by LeslieAdler)