Saudi banks face limited impact from potential global slowdown risks and are likely to bounce back to healthy return-on-equity levels driven by lending growth and ample liquidity, J.P. Morgan Securities said and began coverage of the Saudi banking sector.
The brokerage set an “overweight” rating on Saudi British Bank (SABB Bank) and Samba Financial Group, the country’s second-largest lender by market value……………………………………….Full Article: Source