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,...
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,...
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...
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).
Bank lending has increased substantially in recent years. According to data from the Saudi Arabian Monetary Agency (SAMA), the Kingdom’s central bank, bank claims on the private sector had reached SR965.3bn ($257.25bn), up 12.5% from SR858.4bn ($228.76bn) at the end of 2011 and nearly double the 2007 figure of SR577.9bn ($154bn...
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×