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FINANCIAL NEWS
Saudi’s tyre market predictions to raise at 11%
09 Oct 2016
(MENAFN) Reports said increasing automobile sales attached with growing vehicle fleet will drive the Saudi Arabian tyre market to rise of more than 11% between 2016 and 2021.
Moreover, developing macroeconomic scenario, growing vehicle fleet, increasing automobile sales and favorable government plans are some of the basic reasons expected to push the request for tires in the country during the next 5 years.
In addition, the growing sales of customer cars and profitable vehicles in the country rose at a CAGR of 8.91% within the era of 2011-2015.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
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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