Entrepreneurship in the Kingdom of Saudi Arabia

Home » News » Saudi banks lending more as state spend lifts confidence Bloomberg/Dubai

Saudi banks lending more as state spend lifts confidence Bloomberg/Dubai

Saudi Arabian banks are lending more as government spending boosts confidence in the country’s economy, benefiting companies including Saudi Arabian Mining Co and Saudi Electricity Co.
Ten out of 11 Saudi publicly traded banks raised the value of their loan portfolios in the first nine months of the year, according to statements from the banks.

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http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=468679&version=1&template_id=48&parent_id=28

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