VOL. XLIV

No. 12

19-March-2001

SAUDI ARABIA

Saudi Banks Can Transform The Country From Cash To Card-Based Says NCB

Saudi Arabian banks have acquired the necessary infrastructure and expertise to transform Saudi society from a cash-based one to a card-based one, according to the latest Market Review and Outlook (March 11, 2001) published by the countrys largest bank, National Commercial Bank (NCB). According to NCB, banks can capitalize on the countrys large domestic economy, high per capita...