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Saudi Banks to Increase their Capital Following Record Profits
Many Saudi banks have recently increased their capital, and five others on the financial market: al-Inma, al-Jazira, al-Bilad, Arab National, and Saudi Investment Bank announced their plans to increase capital, which will contribute to a total increase of $4.5 billion, according to analysts. What prompts banks to increase their capital?…
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Click here to read the full story: Asharq Al-awsat