Since its formation in July 2004, the Capital Market Authority (CMA) has taken various measures to improve corporate governance and disclosure standards for Saudi Arabian public companies, which has also resulted in the improvement of such standards among private companies that may seek to be publicly listed in the future.
What have the Saudi authorities done to deepen the local financial sector in recent years?
Lending to small and medium-sized enterprises (SMEs) remains limited. What more can be done to support these companies?
The Saudi Arabian banking sector has a significant growth opportunity in the form of the small and medium-sized enterprise (SME) sector. The nation’s SMEs account for around 90% of registered businesses and 60% of total employment, according to a recent report by Aljazira Capital, and as a result they occupy a central position in the Kingdom’s...
The effect of recently introduced mortgage legislation has become one of the more salient industry concerns in 2015. First promulgated in March 2013, many market observers thought the law a long overdue formalisation of a rapidly growing segment. Real estate lending had been steadily rising as a percentage of the consumer credit total for some...
According to a statistical bulletin released by the Saudi Arabia Monetary Authority (SAMA) in early 2015, the amount of money remitted by expatriates in 2014 reached a record high. In total, SR153.3bn ($40.9bn) was transferred to the home countries of the nation’s foreign labour force, representing a rise of 3.6% over the previous year. Data...
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