Saudi Arabia Financial Services - MarcoPolis

According to the latest SAMA records the total mortgage size in Saudi Arabia is more than 100 billion riyals, coming mainly from the commercial banks. This represents only the official figures excluding Real Estate Development Fund (REDF) financing. If you compare this number to the consumer finance and other corporate finance products, it is very small. The reason is that the population of Saudi Arabia is viewed as a young population and mortgages are now something that is becoming a necessity for people in Saudi Arabia because of their gradual ageing.

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Mortgage market in Saudi Arabia size less than 5% of GDP

June 30, 2015

Yasser Abu Ateek, CEO of Dar Al Tamleek talks about outlook for the mortgage market in Saudi Arabia.

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“1 Million Applicants for Housing in Saudi Arabia” says Dar Al Tamleek

June 4, 2015

We don’t have a clear vision of what is going to happen. In order to do product planning you need data and unfortunately accurate data is not available in Saudi. If you want to plan for the next five years you need to know how many houses are going to be built, how many exist, how many are going out of the market, how many permits have been approved etc. all of this data is not currently available or it is available but it’s not accurate.

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Sukuks in Saudi Arabia

February 13, 2015

“Standard Chartered is very keen to assist in developing the secondary trading market in bonds and sukuks in the Kingdom,” argues Dr. Boutros Klink, CEO of Standard Chartered.

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Saudi Capital Markets: Open for Business, Soon for Foreign Investments

February 10, 2015

With the market regulator taking steps to give foreign institutions access to the Tadawul market in Riyadh, banks, fund managers and brokers in the region expect a boon and a boom for Saudi shares and new listings to come.

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Best Way to Invest in Saudi Arabia is Trough Funds or Swaps

February 6, 2015

Dr. Boutros Klink, CEO of Standard Chartered
Saudi Arabia, compared to the other nations in the GCC, has the largest population. It also has the largest local population. So the demographics mix is different. In the credit card industry, the way we deal with the customer base is very different because we are able to build long term relationships with the customers and service their needs as their requirements grow throughout their life cycle.

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AMEX: Credit Cards Industry Steadily Growing

February 6, 2015

Priyan L. Attygalle CEO of American Express, Saudi Arabia
Saudi Arabia, compared to the other nations in the GCC, has the largest population. It also has the largest local population. So the demographics mix is different. In the credit card industry, the way we deal with the customer base is very different because we are able to build long term relationships with the customers and service their needs as their requirements grow throughout their life cycle.

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Saudi’s Penetration Rate for Credit Cards is Steadily Increasing, says Amex

February 6, 2015

“The penetration rate for credit cards is certainly lower than cash at present, but it is steadily increasing. I can see over the last eight years there has been a visible shift from a cash economy towards an electronic economy,” says Priyan L. Attygalle, CEO of American Express, Saudi Arabia.

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Cashless Payments and E-Commerce in Saudi Arabia

February 6, 2015

“There has been a visible shift from a cash economy towards an electronic economy, in terms of cashless payments such as cards and the growth of internet payments and internet banking. It’s growing at an exponential rate,” says Priyan L. Attygalle, CEO of American Express, Saudi Arabia.

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American Express (Amex) in Saudi Arabia: Unique Products

February 6, 2015

“In American Express in Saudi Arabia, we concentrate very much on the high-net-worth consumers and corporates. These are two areas in which we are very strong and we have very unique products,” says Priyan L. Attygalle, CEO of American Express, Saudi Arabia.