Saudi Arabia Banking & Financial Services Q1 2019
We hold a positive outlook for Saudi Arabia's financial services sector over the next ten years. The sector presents anumber of opportunities to banks and investment companies looking to expand their operations and tap into the second largestconsumer market in the Middle East (after Egypt). The banking sector's stable outlook, accompanied by the expected growth of thestock market and asset management industry, is expected to enhance the financial services sector performance and continue itsgrowth, following the fall it experienced due to the slump of oil prices. The steady growth of the insurance sector is also expected toenhance and add to the financial services sector stability. With the ban being lifted, allowing women drivers in the country, it'sexpected that motor insurance will experience higher growth in the foreseeable future.
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