Saudi Arabia Banking & Financial Services Q4 2019
Key View :
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), as loan growth continues to increase. The banking sector's positive outlook,accompanied by the expected growth of the stock market and asset management industry, is expected to enhance the financialservices sector's performance and continue its growth, following the fall it experienced due to the slump in oil prices. The steadygrowth of the insurance sector is also expected to enhance and add to the stability of the financial services sector.
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