Financial and Banking News
Saudi Corporates Take Tough Line On Deposit Prices
The market in Saudi corporate deposits has tightened significantly during thelast six months as major state-owned entities demand higher prices for theirfunds. As a result, many banks can now raise term funds more cheaply on theoverseas interbank market than they can from the Saudi corporate sector. Somesenior bankers are accusing the companies of manipulating the maturity...