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...
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Articles & Analysis | Stocking up: A slew of new listings bodes well for the exchange from The Report: Saudi Arabia 2013
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).
Articles & Analysis | Credit cavalcade: Fuelled by public and private sector demand, loans are on the rise from The Report: Saudi Arabia 2013
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...
Over the past decade Saudi Arabia’s insurance industry has become an important contributor to the economy. In 2011 the sector brought in gross written premiums of $4.93bn, up nearly 13% from $4.37bn the previous year. The majority of this expansion took place in the health and general insurance segments, which together account for more than 95% of the total market. Going forward, with the Kingdom...