From Aawsat.com: Saudi banks may have between $4 billion and $7 billion in lending exposure to troubled conglomerates Saad Group and Ahmad Hamad Algosaibi & Bros, according to an HSBC analyst report.

A recent sell-off in Saudi banks suggests the domestic bad debt exposure to Saad and Algosaibi is around $15 billion, but those assumptions are “too pessimistic”, HSBC analyst Aybek Islamov said in the note on Tuesday………Full Article: Source