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Business, Banking & Finance, Economy

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Saudi bank loans to public and private sectors grow 14% by July end

Loans granted to public non-financial institutions increased 26% YoY to $29.57 billion. (WAM)
By TRENDS Desk
August 30, 2022 11:22 pm
  • The total loan granted by Saudi banks amounted to SAR 2.324 trillion ($620bn) by July end.
  • Private-sector lending also increased by 14 percent year-on-year (YoY) to SAR 2.213 trillion ($590bn).

Riyadh, Saudi Arabia – Saudi bank loans granted to public and private sectors grew 14 percent by the end of July to SAR 2.324 trillion ($620bn), compared to SAR 2.034 trillion ($540bn) a year earlier, according to data issued by the Saudi Central Bank (SAMA).

Private-sector lending also increased by 14 percent year-on-year (YoY) to SAR 2.213 trillion($590bn) for the same month.

Meanwhile, loans granted to public non-financial institutions increased 26 percent YoY to about SAR 111.1 billion($29.57bn) by the end of July.

 

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