Moody’s upgrades ratings for Saudi banks
Most banks’ outlook was also revised to stable from positive
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Most banks’ outlook was also revised to stable from positive
SNB’s sukuk offering wrapped up last Thursday
PLUS: UK Prime Minister Keir Starmer to visit Saudi Arabia next month
PLUS: Saudi National Bank pulled the plug on the planned sale of its majority stake in Samba Pakistan
Minimum subscription is set at SAR 1 mn
The increase was supported by greater investments and operating income
Financing is earmarked for settling debt, future expansion, and capital requirements
Corporate lending is set to pick up heading into the interest rate cycle reversal
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