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Why will Saudi Arabia’s banking sector continue to boom in 2023?

By Puja Sharma

March 20, 2023

  • banking partnership
  • Debt-equity Funding
  • Digital Banking

Profit after taxes and payments for the Saudi banking sector grew at 7.9% CAGR driven by strong revenue growth – recorded at 9.1% CAGR since 2016 The banking sector in Saudi Arabia experienced a period of high profitability in 2022 as a result of the Kingdom’s ambitious Vision 2030 initiative and an economic boom experienced […]

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