In recent years Saudi Arabia’s General Department of Traffic (GDT), which falls under the oversight of the Ministry of Interior, has worked with a number of other public agencies to improve safety standards and boost overall efficiency on the Kingdom’s roads. The insurance industry has played a key role in this effort. Since...
It has been a good couple of years for the Saudi Stock Exchange (Tadawul), which posted considerable growth in 2011 and 2012. Throughout 2012, nearly all of the market’s major indicators improved substantially over the previous year. Market capitalisation was up more than 10% over 2011, for example, due to a spate of initial...
For the past decade, Saudi Arabia has been at the forefront of the development of the Islamic financial services (IFS) sector. The Kingdom, which is home to more than a quarter of the GCC’s Islamic financial assets and a handful of the world’s largest sharia-compliant financial institutions, is currently among the top IFS...
The banking sector in Saudi Arabia, which is one of the largest in the GCC, posted solid growth in 2011 and 2012. According to data from the Saudi Arabian Monetary Authority (SAMA), the central bank, total banking assets in the Kingdom reached SR1.65trn ($439.7bn) at the end of the third quarter of 2012, up from SR1.54trn ($410....
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...
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...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×