Middle East Economic Survey

VOL. LIV

No 16

18-Apr-2011

SAUDI ARABIA

Saudi Bank Share Prices Well Placed For 2011 Recovery, Jadwa Says

After seeing large provisions for credit losses distort earnings in Saudi Arabia over the past three years, banks have now cleaned their loan portfolios and are generally well positioned for a healthy recovery this year, said Jadwa Investment in its latest banking report. Following a five year period in which non-performing loans (NPLs) of listed banks has...