| With limited exposure to the global financial market, total banking assets in Saudi Arabia are projected to grow at the CAGR of about 8%, says RNCOS. Saudi Arabian banking industry has liberalized dramatically during the past few years. Saudi Arabia has taken steps to open up investment banking by granting operating licenses to foreign banks.
Saudi Arabian banking assets are expected to grow at a CAGR of around 8% during the forecast period. Besides, banking assets of other countries in the Middle East, for instance, the UAE, turkey, Iran, Bahrain, Qatar etc. will post significant growth rates during the same period..............................................Full Press Release: Source
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