Saudi British Bank launches the Kingdom’s first shariah compliant supply chain finance solution
The launch is in line with Vision 2030 initiative to increase financing to the SME sector...
Tag : Saudi Arabia banking
Citi to seek a banking licence to boost its business in Saudi Arabia
Citi wants to expand into trade finance and treasury solutions...
Saudi Arabia’s NCB signs merger agreement with Samba Financial
The new entity to have combined assets worth $223 bn...
Deposits in Saudi Arabian banks increase by 7.3% in 2019
Savings and term deposits increase by 13.2% year-on-year in 2019 to SR 501.67 bn...
UAE, Saudi banks expect increase in loan demand in 2020
Dubai Expo 2020, banks’ regional expansion and slowdown in property market are contributing factors to rising credit...
Saudi Arabia’s NCB and Riyadh Bank end merger talks
The two Saudi banks failed to agree on a valuation...
GCC and trade war: Time for foreign investment in UAE, Saudi banks?
The top banks in the UAE have increased their foreign investment cap while the Saudi markets regulator has also done the same...