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FINANCIAL NEWS
Saudi banks compete to win funding USD72.24 b projects
02 Dec 2013
(MENAFN) Saudi financial institutions are competing to win financing USD72.24 billion energy and mining projects, according to Arab News.
The Kingdom has allocated USD37.32 billion for power and energy projects, and USD34.92 billion for mining projects. These projects aim to improve the kingdom’s economic and industrial status.
Competition between the banks comes on the back of liquidity abundance and low loans-to-deposits (LTDs) ratio.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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