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DFM asks banks to disclose Saudi exposureDubai Financial Market (DFM) said on Wednesday it had requested all listed banks to disclose exposure to troubled Saudi groups Saad and Algosaibi with lenders having to announce provisions in third quarter results. The statement follows a More… |
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Gulf Banks may 'raise provisions on Saudi groups'Saudi and Gulf banks may increase provisions on troubled Saudi groups towards the end of the year but levels will not be threatening, the chief economist of Saudi state-owned National Commercial Bank (NCB) said on Monday. Banks in the Gulf More… |
