Saudi Arabia's Alinma Bank Not Looking at M&As for Now, CEO Says

The transcript discusses the financial growth of a Saudi bank, highlighting a 12% increase in net income and a 9% growth in the financing portfolio. It covers merger activities, noting no current plans but potential future opportunities. The Saudi Aramco IPO is expected to create significant opportunities for banks. Loan growth is driven by Vision 2030 projects, with a focus on retail and corporate sectors. The bank is exploring fundraising through bonds and investments, leveraging low interest rates for future opportunities.

What was the percentage growth in net income for the Saudi bank?

• 14%

• 12%

• 6%

• 9%

Which merger has already been completed in the Saudi banking sector?

• Alinma with Aramco

• Saudi Bank with Riyal

• NCP with a real

• OWL bank with chapped

What is a potential impact of the Saudi Aramco IPO on Saudi banks?

• Decrease in stock market depth

• Opportunities for lending

• Increase in interest rates

• Reduction in bank assets

What is a major driver for the growth of the financing portfolio according to the Kingdom Vision 2030?

• Interest rate hikes

• Mega projects

• Corporate mergers

• Retail investments

How are low interest rates affecting financial institutions?

• Decreasing government bond issuance

• Encouraging more investment

• Reducing investment opportunities

• Increasing loan defaults

What is the growth percentage of the bank's investment portfolio?

• 9%

• 14%

• 29%

• 22%

What is the bank's current stance on issuing sukuk?

• Issuing only for short-term needs

• Actively issuing

• Considering in the future

• Not considering at all