Awards for Excellence 2020
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Banking is evolving in Saudi Arabia – the Gulf’s largest economy – with government and regulatory initiatives boosting growth in the sector.
Saudi banks reported an average asset growth of 12% in financial year 2019 and a healthy 40.9% growth in net profit, according to KPMG. In such a strong sector, however, one bank stands out as a highly profitable and increasingly modern institution: Al-Rajhi Bank, Euromoney’s best bank in the Middle East this year.
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