Middle East Economic Survey


No 10


MEES Agenda

Scottish Widows JV Targets Saudi Arabian Financial Market

With much news of late dealing with retrenchment resulting from the global financial crisis, it is unusual to find investment companies bucking the trend and seeking expansion. Scottish Widows Investment Partnership (SWIP), which is owned by Lloyds Banking Group, is making such a move in Saudi Arabia, and through partnership with local firm Manar Financial Investment Company...