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FINANCIAL NEWS
Saudi private wealth records 2.7 percent growth for 2014
18 Jun 2015
(MENAFN) Saudi Arabian private wealth recorded a growth of 2.7 percent in 2014 and is poised to register further growth this year, according to a report issued by The Boston Consulting Group (BCG), Saudi Gazette reported.
The whole of the private wealth sector has been motivated by equities and bonds that spurred its growth. In 2013 and 2014, the private wealth maintained through bonds and equities increased by 3.5 percent and 3.7 percent, correspondingly.
Cash and deposits wealth stood at 1.9 percent in comparison, the report showed. Also, Saudi private wealth is forecast to record more growth (5.3 percent) through the upcoming five years.
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