“The combined market value of the 10 local banks at the end of trading on Sunday was about SR968.88 billion ($258 billion), the closest it’s ever been to SR1 trillion.  Al-Rajhi Bank has the highest market value of about SR335.5 billion ($89 billion) equivalent to 34.63 percent of the total value of the banking sector in the Kingdom. The National Commercial Bank (Al-Ahli Bank) came second, with a value of about SR288.38 billion ($77 billion), or 29.76 percent of the total value of the Saudi banking sector. Riyad Bank came third with about SR82.2 billion ($21.8 billion and 8.48 percent).”

–The Saudi Gazette, in a report on the total market value of Saudi banks, which has approached the SR1trillion mark for the first time in history. [Saudi Gazette]