Saudi banks focus on equity to back private firms

24 May 2010

Official figures by Saudi Arabian Monetary Agency (Sama) have showed a continued decline in money supply in the kingdom and that Saudi banks had raised their investment in securities to support a cash-hungry private sector in April, Reuters has reported. M3 growth slowed for a seventh straight month in April to 2.6% - the lowest in at least seven years.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.