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The Banking Sectors in Saudi Arabia and UAE

The Banking Sectors in Saudi Arabia and UAE. SAUDI ARABIA. 11 Banks Top 5 (by assets) Rating (Moody’s) The National Commercial Bank A2 SAMBA Financial Group A2 Al Rajhi Bank A2 Riyad Bank A2 Banque Saudi Fransi A2. CHARACTERISTICS. Strong Ratings

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The Banking Sectors in Saudi Arabia and UAE

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  1. The Banking Sectors in Saudi Arabia and UAE

  2. SAUDI ARABIA • 11 Banks Top 5 (by assets)Rating (Moody’s) • The National Commercial Bank A2 • SAMBA Financial Group A2 • Al Rajhi Bank A2 • Riyad Bank A2 • Banque Saudi Fransi A2

  3. CHARACTERISTICS • Strong Ratings • Performing well – Main beneficiaries of high oil price • Strict regulation • Foreign banks have historically operated through joint ventures • Capital Markets Law and Capital Markets Authority established • Foreign banks obtaining investment banking licenses • Other GCC banks establishing branches

  4. UNITED ARAB EMIRATES • 46 Banks – (21 local, 25 foreign) Top 5 (by assets)Rating (Moody’s) • National Bank of Abu Dhabi Aa3 • Emirates Bank International A1 • Abu Dhabi Commercial Bank Aa3 • National Bank of Dubai A1 • Mashreqbank A2

  5. CHARACTERISTICS • Strong ratings • Performing well – Main beneficiaries of business investment • Dominated by largest 5 banks • Public ownership common feature • Well regarded regulator • Banks never been allowed to fail • Foreign banks have rapidly expanded presence

  6. SERVICING CORPORATE NEEDS • Good corporate banking expertise • Strong trade finance knowledge • Reasonable trade finance tariffs • No language barrier • Risk mitigation easily accessible • Good corporate account product range

  7. QUESTIONS ?

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