NO. 45


Financial and Banking News

Capital Markets

Series of Local Financings Tests Saudi Banks

Bank finance being raised by the Saudi Government and companies wholly orpartly owned by the government is forcing a significant shift in the assetportfolios of Saudi Arabia's commercial banks. By the end of the year the localbanks are expected to have lent over $5bn (SR19bn) in medium and long termfinance to wholly or partly government-owned local companies. The banks' abilityto...