The Banking Sectors in Saudi Arabia and UAE

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The Banking Sectors in Saudi Arabia and UAE
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SAUDI ARABIA

• 11 Banks
• Top 5 (by assets) Rating (Moodys)
• The National Commercial Bank A2
• SAMBA Financial Group A2
• Al Rajhi Bank A2
• Riyad Bank A2
• Banque Saudi Fransi A2

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CHARACTERISTICS

• Strong Ratings
• Performing well Main beneficiaries of high oil
  price
• Strict regulation
• Foreign banks have historically operated through
  joint ventures
• Capital Markets Law and Capital Markets Authority
  established
• Foreign banks obtaining investment banking
  licenses
• Other GCC banks establishing branches

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UNITED ARAB EMIRATES

• 46 Banks (21 local, 25 foreign)
• Top 5 (by assets) Rating (Moodys)
• National Bank of Abu Dhabi Aa3
• Emirates Bank International A1
• Abu Dhabi Commercial Bank Aa3
• National Bank of Dubai A1
• Mashreqbank A2

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CHARACTERISTICS

• Strong ratings
• Performing well Main beneficiaries of business
  investment
• Dominated by largest 5 banks
• Public ownership common feature
• Well regarded regulator
• Banks never been allowed to fail
• Foreign banks have rapidly expanded presence

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SERVICING CORPORATE NEEDS

• Good corporate banking expertise
• Strong trade finance knowledge
• Reasonable trade finance tariffs
• No language barrier
• Risk mitigation easily accessible
• Good corporate account product range

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• QUESTIONS ?