Article: EFG-hermes releases comprehensive report on saudi arabian banking sector

EFG-hermes releases comprehensive report on saudi arabian banking sector

EFG-Hermes, the leading investment bank in the Middle East and North Africa (MENA) region, released a comprehensive research report on the Saudi Arabian banking sector.

The report, entitled "Best of Both Worlds!," provides an in- depth analysis of Saudi Arabia's banking sector, which is the second largest in the GCC region by asset size, currently estimated at USD290 billion.

The 56 page report includes a detailed look at the macroeconomic backdrop, sector and profitability outlooks, recent results and valuation. The report reveals some of the following highlights:

* Low penetration and high profitability are two ...

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