You are here

Foreign banks find the going tough in Saudi Arabia

Many cancel licences as they succumb to restricted activities
Tuesday, August 19, 2014 - 06:00

[DUBAI] Local lenders in Saudi Arabia are dominating the market, prompting overseas banks to surrender their licences as they struggle to compete, the chief executive officer of Standard Chartered in the country said."International banks have found this market more challenging to find their edge

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom