Even as AI spending surges, few banks have established the necessary governance and guardrails – and nearly half misjudge their own AI readiness, says a study.
Corporate lending is at the core of Saudi banking sector's growth, accounting for 55% of banks' loan books. Despite this, exposure to corporate credit risk will remain contained thanks to a moderate improvement in corporate leverage, according to S&P Global Ratings.
The credit impact of a potential escalation between Iran and the US will remain contained, similar to June 2025 (targeted and limited in scale and duration), says S&P Global Ratings in a published report.
