24.08.2009 - Saudi Arabian banks resilient to global downturn: Nomura
From Saudigazette.com.sa: 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. Owing to their high share of demand deposits and free funds, they should see their profits bolstered in the rising rate environment, the brokerage added...........Full Article: Source