In recent years the reinsurance segment in Saudi has grown substantially. The industry, which is made up of a single dedicated reinsurance company – Saudi Reinsurance – and a handful of firms that offer both insurance and reinsurance services, is considered to be a key driver of future expansion in the Kingdom’s insurance...
The Middle East
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Articles & Analysis | Building a backstop: The reinsurance segment is considered to be a key growth driver from The Report: Saudi Arabia 2013
Interviews & Viewpoints | OBG talks to Karel De Gucht, EU Trade Commissioner from The Report: Saudi Arabia 2013
What has been the biggest hurdle in the negotiations of a GCC-EU Free Trade Area? When do you expect the process to be concluded?
Articles & Analysis | Stocking up: A slew of new listings bodes well for the exchange from The Report: Saudi Arabia 2013
Throughout 2012 activity in Saudi Arabia’s initial public offering (IPO) market picked up considerably compared to the previous year. By the end of December, the Saudi Stock Exchange (Tadawul) had seen seven new listings worth a total of SR5.33bn ($1.42bn), up from five listings worth a total of SR1.73bn ($461.22m) in 2011. The...
Articles & Analysis | Diversified offerings: Working to develop new sharia-compliant products and services from The Report: Saudi Arabia 2013
As of late 2012 Saudi Arabia’s Islamic financial services (IFS) industry was focused almost exclusively on a handful of products, namely sharia-compliant retail banking, murabaha and other related financing arrangements,...
Articles & Analysis | Leaders of the pack: A brief review of the country’s top six banks from The Report: Saudi Arabia 2013
After three years of declining profits in the wake of the 2008-09 international economic downturn, Saudi Arabia’s domestic banking sector posted solid growth in 2011 and 2012. With more than SR1.64trn ($437.6bn) in total assets as of the end of the third quarter of 2012, up from SR1.54trn ($410.41bn) at the end of 2011, the...
Articles & Analysis | In from the cold: Foreign investment could potentially transform the market from The Report: Saudi Arabia 2013
As of late 2012 Saudi Arabia’s Capital Markets Authority (CMA) was on the brink of implementing new legislation that would allow foreign investors to own stocks on the Saudi Stock Exchange (Tadawul).