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Credit Agricole to Reduce Stake in Saudi Fransi Bank

Credit Agricole has announced that it will sell half of its stake in Saudi Fransi Bank to Prince Walid al-Talal. The Arab Banker's editor reviews the level of foreign bank ownership in the Saudi banking system. 

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Seven Arab banks show more than $10bn in Tier 1 capital

The Banker magazine's annual listing of the world's biggest banks, ranked by Tier 1 capital, shows that seven Arab banks had Tier 1 capital in excess of $10mn at theend of 2016, and a further eight had capital of $5 bn - $10 bn.

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