Register for our free newsletter

Latest News

Saudi banks not threatened by Saad fiasco

September 2 2009 by
Saudi banks not threatened by Saad fiasco

The governor of Saudi Arabia Monetary Agency (SAMA) said that Saad and Algosaibi Groups’ $22 billion debt poses no threat to the nation’s banking system. What?

Muhammad Al-Jasser, governor of Saudi Arabian Monetary Agency (SAMA), said Tuesday that the debts of business conglomerates Saad Group and…

View More 

  • Spotlight on banks

    Spotlight on banks

    Deputy governor of Saudi’s SAMA briefs his nation on why the financial crisis has had such a devastating impact on world economies, but stresses that the crisis will force banks to straighten out their practices.

    January 28, 2009 1:49

View All