Pain Ahead for Saudi Banks?

In the first quarter, 9 out of 12 Saudi banks exceeded earnings expectations despite an oil slump and economic slowdown. Analysts predict that slower economic growth, increased lending to the construction sector, and higher borrowing costs may end this period of growth. The banks' success was driven by increased lending, particularly to the construction sector, even as government spending on infrastructure projects decreased.

What is the consensus regarding the future of Saudi banks based on the current economic indicators?

What factors contributed to Saudi banks beating earnings expectations in the first quarter?

What was the percentage increase in lending growth in the first quarter compared to the previous quarter?

What impact did the government's spending cuts have on the economy and banks?

How did the economic conditions in Saudi Arabia affect the construction sector?