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Saudi banking is least leveraged
Saudi Arabia is the largest economy and banking market in the Arab world, with almost 40 per cent of all deposits in interest free Shariah-compliant savings products and an embryonic, high growth mortgage, takaful (Islamic insurance), consumer credit and leasing industries. Despite the $24 billion Al Gosaibi-Saad Group debt debacle,…
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Click here to read the full story: Khaleej Times