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FINANCIAL NEWS
Saudi’s private wealth to post growth rate of 2.7 percent
29 Jun 2016
(MENAFN) Private wealth in Saudi Arabia is predicted to record a joined annual increase rate of 2.7 percent to reach USD2tr by 2020.
Accordingly, in the coming five years, the growth of private wealth in the kingdom will be driven by equities at 4.4 percent, trailed by cash and deposits at 1.9 percent.
Additionally, private wealth in the kingdom is projected to increase by 4.8 percent in the coming five years, in which will witness the highest growth by 2020.
Between 2010 and 2014, the kingdom viewed its private wealth grow by 1.6 percent, which was 2 percent in equities, 1.4 percent in cash and deposits.
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BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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