Alinma Bank CEO Sees Growth in Saudi Policy Changes

The transcript discusses the impressive performance of a Saudi Arabian bank, highlighting its growth over the past five years and its status as the fastest-growing bank in the region. The CEO attributes this success to strategic investments and government policy shifts towards expansionary budgets. The bank is optimistic about future growth, driven by government spending and private sector opportunities. Despite global market fluctuations, the bank remains focused on local markets and diversifying investments. The CEO also addresses potential growth strategies, including mergers, and outlines plans for dividend increases.

What was the reported profit of the Saudi Arabian lender?

• 500 million Saudi rials

• 560 million Saudi rials

• 600 million Saudi rials

• 520 million Saudi rials

How has the Saudi Arabian bank performed over the last six months?

• It has been the slowest-growing bank

• It has been the best-performing bank

• It has been the second-best-performing bank

• It has been the worst-performing bank

What change in government policy is expected to boost the bank's bottom line?

• Increased austerity measures

• Expansionary budget with more spending

• Reduction in government spending

• Introduction of new taxes

What type of projects is the bank looking to fund with the new government budget?

• Small local businesses

• Educational programs

• International ventures

• Mega projects

What financial instrument did the bank invest heavily in during 2017?

• Government sukuk

• Real estate

• Corporate bonds

• Foreign stocks

What is the bank's strategy for expanding its network?

• Mergers and acquisitions

• Opening new branches and ATMs

• Reducing existing branches

• Focusing on online banking

What change in dividend payout has the bank announced for this year?

• Decrease to 3%

• Increase to 8%

• Increase to 10%

• Remain at 5%