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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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HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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