Financial and Banking News
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...