Syndicated bank lending in KSA doubles in 2012

Syndicated lending by Saudi Arabian banks has increased by almost twice in 2012, according to Bloomberg. On the contrary, syndicated lending has slowed overall in the Middle East and North Africa as it fell by 5 percent this year registering its first decline since 2009. The Shariah-compliant bond market is mostly driven by privately held companies in Saudi Arabia, the largest Arab economy, as they keen to access the public debt markets and thus earn higher yields.

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