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Saudi allocates $7B for banking support
The article focused on Saudi Arabia's strategy to redirect liquidity and support the local banking system, where the financial authority decided to impose restrictions on investments by foreign funds and to reduce banks' reliance on external financing. As a result, approximately $7 billion of foreign investment assets were redirected into the Saudi banking system, aiming to enhance funding stability and achieve the goals of Saudi Vision 2030. This move comes in response to the pressure from the loan-to-asset ratio exceeding 108% by the end of 2025, and to promote sustainable financing, reduce costs, and mitigate reliance on external debt markets, all while protecting liquidity and increasing the financial security of the banking sector.
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