Saudi Banks, Health-Care, Education Stocks Favored, Rasmala's Taqi Says

The transcript discusses the economic landscape in Saudi Arabia, focusing on consumer borrowing trends, job creation, and the impact of Fed rates on banks. It highlights the cautious outlook on the retail sector due to rising living costs and unemployment. The potential for economic growth through job creation and increased consumer power is noted. The banking sector benefits from Fed rate hikes, improving asset quality. Investment in healthcare and education is emphasized, with a shift towards private sector involvement.

What factors contribute to the cautious outlook on the retail space in Saudi Arabia?

How does job creation relate to the economic outlook for Saudi consumers?

What impact do rising Fed rates have on the banking sector in the region?

In what ways is the healthcare sector expected to perform in the current economic climate?

What changes is the Saudi government making to encourage private sector participation in healthcare?