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Saudi Banks to see double-digit asset growth by early 2020: Samba CEO

Samba Financial Group, Saudi Arabia’s third-largest bank by assets, expects Saudi banks to see double-digit asset growth by early 2020, supported by government plans to diversify its oil-based economy, its chief executive told Reuters. Riyadh plans to increase state spending to an all-time high of 1.11 trillion riyals ($295 billion)…

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