Lifestyle Developers Participates at Cityscape Jeddah 2015
Lifestyle Developers, the Saudi-based real estate developer committed to raising standard of living in the MENA region and beyond, marks its participation at Cityscape Jeddah 2015.
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Doing Business in Saudi Arabia: Security is Number One Challenge
What is interesting about doing business in Saudi Arabia is the continuous growth pattern in the economy; that’s what makes it interesting, not only in the short-term, but in the long-term. Saudi Arabia’s economic growth is driven by its demographics: we are a young and growing population, a big and spacious country (around the size of Western Europe), and relatively undeveloped in many infrastructure areas.
Top Banks in Saudi Arabia
Top Banks in Saudi Arabia
This is the list of the largest banks in Saudi Arabia, as measured by total assets. Marcopolis.net compiles the ranking of Saudi largest banks for 2014. Following are the largest banks in Saudi Arabia by assets. National Commercial Bank is currently the largest bank in Saudi Arabia by assets, followed by Al Rajhi Bank and Riyad Bank.
According to SAMA the banking sector continued its good performance in 2012. Commercial Banks’ assets went up 12.3% to USD 462 billion. Total bank deposits grew by 14.2 % to USD 335 billion. There are 23 commercial banks operating in Saudi Arabia as of 2012, including the branches of foreign banks with 1,696 branches. The newest arrival is the Industrial and Commercial Bank of China. The Saudi Banking sector has the reputation of the safest in the region.Top 10 banks in Saudi Arabia control over 80% of the total assets in the banking system. The total assets in the banking system stood at US$ 568 bn dollars in 2014, up from US$ 504 bn in 2013. Top Three banks in Saudi Arabia, National Commercial Bank, Al Rajhi Bank and Riyad Bank control over 39% of the total banking assets.
Top Banks in Saudi Arabia
National Commercial Bank (NCB) – Al-Ahli Bank NCB is the largest bank in the Arab world and the largest bank in Saudi Arabia. Also, it is a pioneering Islamic bank. The bank is held by Ministry of Finance’s Public Investment Fund (PIF). Total Assets: USD 92 billion – 2014
Al Rajhi Bank Al Rajhi Bank is one of the largest banks in Saudi Arabia. The bank employs 8,400 people. The bank as over 500 branches and more than 3,600 ATM. Major shareholders include GOSI and Sulaiman A. Al Rajhi Endowment Co.Total Assets: USD 76.8 billion – 2014
Riyad Bank Riyad bank is one of the largest banks in the Kingdom. The government owns 51% of the bank. Assets: USD 56 billion – 2014
Samba Samba Financial Group (formerly known as The Saudi American Bank) has over 60 branches in Saudi Arabia and a branch each in London, Qatar and Dubai. Samba is one of the largest financial institutions in the country. Samba is fully owned by Saudi shareholders. Assets: USD 55 billion – 2014
Banque Saudi Fransi The banks is one of the leading financial institution in the country. 69.9% is held by Saudi shareholders and 31.1% by Credit Agricole CIB. Assets: USD 49 billion – 2014
Saudi British Bank Saudi British Bank is a large financial institution operating in the Kingdom of Saudi Arabia. The banks is owned by the Saudi shareholders and HSBC. Assets: USD 46 billion – 2014
Arab National Bank (ANB) ANB is one of the largest banks in Saudi Arabia with the total assets of USD 36,8 billion as of 2013. The major shareholder is the Jordan based Arab Bank with 40% ownership and employing around 3,500 people. Assets: Estimate USD 36.8 billion
Saudi Investment Bank Saudi Investment Bank is one of largest banks in Saudi Arabia wih head office in Riyadh. Assets: Estimate USD 21.5 billion
Saudi Hollandi Bank Saudi Hollandi Bank is one of the largest banks in Saudi Arabia. The bank empolys 1534 people. Assets: Estimate USD 21.46 billion – 2013
Number one challenge in the insurance sector in Saudi Arabia is awareness
Insurance market in Saudi Arabia continues to face challenges.
Commercial Real Estate Market in Saudi Arabia: Shortage of 1 mln GLAs
The Saudi Arabian commercial real-estate market has been booming in the last decade. There has been an increase in the value of commercial properties and malls. Every year, there are almost 200,000 GLAs in major cities like Riyadh, Jeddah, and Dammam. There is a lot of demand since 2004 and right up to 2017.
Top Real Estate Companies in Saudi Arabia | Largest Developers
Marcopolis.net has compiled the ranking of the top real estate companies in Saudi Arabia. View the list of the largest real estate companies. The largest real estate companies are Dar Al Arkan, Al Saedan Real Estate, Kingdom Holding Company, Ewaan, Jabal Omar Development Company.
Top Defense Companies in Saudi Arabia | The 5 Biggest Defense Companies
Marcopolis.net has compiled the ranking of the top defense companies in Saudi Arabia. View the list of the largest defense companies. The largest defense are companies are Military Industries Corporation, Advanced Electronics Company and Alsalam Aircraft.
Saudi Arabia agriculture: developing high-tech farming
Due to the water scarcity, there has been a drop in the development of the agricultural sector in Saudi Arabia. Over the past 12 years, cereal production in Saudi Arabia has almost dropped to zero. The export of open field agriculture has been banned. Farmers can no longer export open field fruits or vegetables.
AJA Pharma Investing SAR 230 million in Saudi Arabia
Our group has been in the pharma industry for more than 25 years. We have been quite successful. We have partners who have contributed a lot to the pharma industry. In 2014, our turnover was almost SAR 2 billion. Recently we realized there was a need in the market, and among our partners, for local manufacturing.
Saudi Fund for Development: Implemented 500 Projects worth US$ 8bn
The Saudi Fund started in 1975. We are now dealing with more than 80 countries. So far, we have successfully implemented 500 projects. Our capital value is 30 billion Saudi Riyal, which is equivalent to 8 billion dollars.