21.08.2009 - Nomura starts coverage of Saudi Arabia’s banking sector with positive outlook
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