Samba Financial Group, Saudi Arabia's second-largest lender by market value, is well positioned to benefit from the expected pick-up in the country's lending activity.
Total credit growth in Saudi Arabia increased 11 per cent in August compared with the same month last year, according to the latest central bank data. However, it was still well below boom-year figures of 27.2 per cent in 2008 and 21.2 per cent in 2007.
Although run in a conservative manner, with exposure to Saudi government and blue-chip corporate borrowers, analysts are bullish on Samba's fundamentals.
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