Middle-east Arab News Opinion | Asharq Al-awsat

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A Saudi money changer counting Saudi Riyals in Riyadh, Saudi Arabia. (File Photo: Reuters)

Saudi Banks Support Private Sector with USD373 Billion

by Fatah Al-Rahman Youssef | Dec 20, 2016 | Business

Riyadh- A banking official has revealed that the private sector borrowed more than SAR1.4 trillion (USD373 billion) from Saudi banks—the official affirmed that Saudi banks succeeded through their efforts in the past decades in supporting a great number of small and...

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Saudi-banks

Saudi Banks Direct Risk Management to Amend Funding Portfolios’ Procedures

by Fahd Baqmi | Aug 23, 2016 | Business

Jeddah-Risk management in Saudi banks has started boosting its measures against any possible risks, especially regarding repaying long-term loans. Banks are facing challenges concerning funding portfolios that could not achieve balance since 50 percent of these...

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Saudi Stock Market Changes Working Hours

Saudi Stock Market Changes Working Hours

by Shuja Al-Baqmi | Feb 11, 2016 | Business

Riyadh-Saudi banks are likely to change their working hours to openning 30 minutes earlier at 9:00 am and closing at 4:00 pm local time (GMT +3). The news comes after the Saudi Stock Exchange (Tadawul) announced plans to change trading hours to between 10 am and 3:00...

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A broker monitors stock prices on a screen at the Saudi Investment Bank in Riyadh September 5, 2013. (Reuters/Faisal Al Nasser)

SAIB CEO on consumer banking in Saudi Arabia

by Shuja Al-Baqmi | Sep 14, 2013 | Business

Riyadh, Asharq Al-Awsat—In an exclusive interview with Asharq Al-Awsat, the CEO of the Saudi Investment Bank (SAIB), Musaed Bin Mohammed Al-Mineefi, said that the Saudi banking sector has entered a new phase, adding that it is among the strongest national banking...