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Nomura starts coverage of Saudi Arabia’s banking sector with positive outlook

Posted on 21 August 2009

From Khaleejtimes.com: Saudi Arabian banks are resilient to the global economic downturn due to the relative strength of the region, solid fundamentals and a conservative regulatory environment, said Nomura, which began coverage of the Saudi banking sector with a positive outlook.

Saudi banks are an attractive way of taking advantage of a rising interest rate environment, Nomura said in a note dated August 19………….Full Article: Source

 
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