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  • Saudi Is World’s Largest Market For Islamic Assets
     

    Saudi Arabia is emerging as the largest market for Islamic assets, according to a new report by Ernst & Young. According to the report, Saudi Arabia, with an estimated $207 billion of Islamic assets in 2011, was ranked first in the world. Malaysia was ranked second with total assets of $106 billion and UAE ranked […]

     
  • Jadwa Investment – December 2012 Saudi Chartbook
     

    Jadwa Investment’s Saudi Chartbook for the month of December 2012 assesses a number of key aspects of the Saudi economy including the real economy, bank lending, banking indicators, inflation, trade, oil, exchange rates, the TASI (Saudi Stock Market), sectoral performance, and more. A summary of the report is provided for your consideration below, and the […]

     
  • Jadwa Investment – November 2012 Saudi Chartbook
     

    Jadwa Investment’s Saudi Chartbook for the month of November 2012 assesses a number of key aspects of the Saudi economy including the real economy, bank lending, banking indicators, inflation, trade, oil, exchange rates, the TASI (Saudi Stock Market), sectoral performance, and third quarter earnings. To read the entire report in full as a PDF, click […]

     
  • Anne Habiby: Entrepreneurship and Job Creation in the Arab World
     

    In addition to featured speakers such as President Bill Clinton and Mr. Abdullah Alireza  the recent C3 Summit in New York City presented a number of compelling panel discussions addressing commercial and trade issues related to doing business in the MENA region. SUSTG has featured the remarks at this event of Abdullah Alireza (Global Economic […]

     
  • Public policy considerations in Saudi Arabia’s new Arbitration Law
     

    We see plenty of coverage these days of Saudi Arabia’s growing economy; and justifiably so.  Expansionary government spending, elevated oil prices, a strong banking system, a maturing private-sector, increasing diversification, growing foreign investment and other factors contribute to an exciting period for Saudi Arabia. While elevated oil prices have fueled Saudi Arabia’s impressive recent growth, […]

     
  • High capital/solid profitability: Saudi banking system remains stable
     

    The outlook for Saudi Arabia’s banking system remains stable, says Moody’s Investors Service in a new Banking System Outlook. The key drivers of the outlook are (1) a benign operating environment; (2) low problem loan levels; (3) strong loss-absorption capacity, underpinned by high capital buffers and solid profitability; and (4) the sector’s stable, low-cost deposit […]

     
  • Abdullah Alireza speaks at C3 Summit
     

    SUSTG attended the C3 Summit in New York City September 13-14, 2012. This was the inaugural event in what the organizers anticipate will be an annual gathering to ‘build new relationships, foster existing partnerships and exchange best practices’ between the U.S. and the Arab world. C3 (Community, Collaboration and Commerce) is looking to host the […]

     
  • Saudi Mortgage Law: Key Details Still to be Determined
     

    Saudi Arabia faces housing challenges caused by rapid population growth and an inflow of expatriate workers to the kingdom.

     
  • Saudi banks most profitable in Middle East
     

    Out of the top 50 banks in the Middle East ranked by assets for the period H1 2011, Saudi banks lead the pack “having a good track record of maintaining strong asset quality and adapting adequate lending practices and underwriting standards,” Sheetal Kothari, research analyst, business and financial services practice, Frost & Sullivan, said. The […]

     
  • Top 10 salaries in Saudi Arabia
     

    Banking is one of the only sectors in Saudi Arabia to see a dip in compensation in 2012 Salary Survey. Construction project managers now earn the highest monthly salary.

     

MUST-READS

  • Why SAMA is enhancing Saudi banking sector liquidity

    Total assets of the banking sector have increased by about 14 percent to SR2.7 trillion in the first quarter compared with a year earlier. Likewise, credit facilities granted to the private sector jumped by about 12 percent over the same period.

  • Billionaire Saudi Banking Tycoon Saleh Abdullah Kamel Dead at 79, Family Says

    Billionaire Saudi businessman Saleh Abdullah Kamel, who founded the banking and real estate conglomerate Dallah Albaraka Group, has died, according to relatives quoted in the kingdom’s media. He was 79.

  • Iran Faces Long-Term Banking Woes Under Terror-Finance Watchdog Action

    The Financial Action Task Force’s action against Iran was made more permanent by a little-noticed clause that gives the U.S. and its allies the ability to block removal of the sanctions even if Tehran adopts new antiterror and money-laundering regulations. The blacklisting and associated sanctions are expected to further choke Iran’s remaining financial and trade ties and politically isolate the country.

  • Economy
    Saudi banking sector to contain risks in 2020 despite higher credit growth, report says

    "We do not envisage these scenarios in our base case, however, we cannot exclude event risk--as demonstrated by the recent attack on Saudi oil infrastructure," said S&P Global Ratings credit analyst Roman Rybalkin

  • Bank of America
    Bank of America hires Saudi investment banking head

    Bank of America hired former CEO of Swicorp Saud Al Tassan to head investment banking in the Kingdom of Saudi Arabia. Swicorp is a Saudi capital market firm focused on the Middle East and Africa.

  • Banking and Finance
    Goldman Sachs Hires JPMorgan Banker for Saudi Investment Banking

    Goldman Sachs Group Inc. hired JPMorgan Chase & Co.’s Mohammed Nazer to join its investment banking team in Saudi Arabia, according to people familiar with the matter. Nazer will relocate to the kingdom from the U.S. where he’s currently based, the people said, asking not to be identified as the information is private. His appointment follows the departure of executive director Omar Abu Innab, who covered Saudi Arabia from Goldman Sachs’ regional headquarters in Dubai, some of the people said.

  • Banking Licenses
    Credit Suisse granted Saudi banking licence

    "The last three licenses, one of which today was announced by the minister of finance, took less than a month," Ahmed Alkholifey said at a financial conference in Riyadh. “There is a change, a quick change really taking place when it comes to licensing. We are opening the system more and more."

  • King Abdullah Financial District
    Saudi Arabia’s Long-Delayed Banking Hub Gets a Trendy Makeover

    In an interview in 2017, Crown Prince Mohammed bin Salman said that the project had faltered because it included far too much office space. He pledged to restructure the district and increase the number of residential units. "The project didn’t fail," the prince said. "It will be the main driver for the city of Riyadh."

  • Banking
    Saudi banking system outlook is stable, Moody’s

    The Kingdom announced a 20 per cent capital spending rise to SAR 246 billion ($65.5 billion) this year and will focus on transportation and communication infrastructure, as well as housing and logistics.

  • SAMA Sandbox
    Saudi banking regulator launches regulatory sandbox to test FinTech

    The move that mimics similar initiatives by other regulators in the Arabian Gulf will help the Saudi Arabian Monetary Authority understand and assess the impact of new technologies on the financial services market.