
New era as easy days come to an end
At the turn of the century, Riyadh, which was later to become the capital of Saudi Arabia, had neither a currency nor anything resembling a financial institution. A monetary system was established by King Abdulaziz in 1928 and official Saudi paper currency was issued only in 1961. The banking industry virtually moved from cash to credit cards, bypassing the cheque-book era....more
RETAIL BANKING Cautious moves to meet growing consumer demand Mar 16
CAPITAL MARKETS Turbulence begins to take its toll Mar 16
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