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KPMG: Despite increase in cost of funds and liquidity constraints, Saudi banking industry reported robust growth in 2022

With the global banking industry making headlines in the past weeks, the Saudi banking sector published its annual results for 2022. According to KPMG,...

KPMG: Upsurge in capital demand expected to further fuel strong interim performance of Saudi banks

Banks in Saudi Arabia are expected to continue to prioritise their liquidity demands for the coming year despite enhanced earnings, through focusing on raising...

KPMG hosts Middle East, South Asia and Caspian Family Business Summit in Riyadh

KPMG Middle East, South Asia and Caspian (MESAC) Family Business Summit 2022, the flagship regional event for owners and senior leaders of family businesses,...

KPMG: Banks in pursuit of purpose-led and customer-centric strategies as they gravitate towards sustainable growth

KPMG announced the launch of its latest Banking perspectives: Saudi Arabia 2022 publication, titled “Purpose-led banking,” emphasizing the evolving landscape in the Kingdom’s financial...

KPMG: Saudi Arabian insurance firms pursued digitalization and expected to close year-end with higher top-line

Insurance companies in Saudi Arabia continued their top-line growth momentum at the end of Q3 2021, with a matching trend foreseen for year-end, KPMG...

Saudi banks post sturdy interim results, without any single domestically significant credit default according to KPMG

KPMG published the latest edition of its “Banking Pulse,” a quarterly report series, highlighting the latest developments in the Kingdom’s banking sector following the...

KPMG Report: Banking CEOs have shifted investment focus to customer experience technology and data security

The latest KPMG Banking Pulse Quarterly, with the financial performance of 10 listed Saudi banks, presents insights from the firm’s recent CEO Outlook pulse...

Tax technology is transforming compliance for banks in Saudi Arabia

Since digitalization affects every facet of banking operations, KPMG latest Banking Perspectives report touched base on the scope and future of banking automation in...

KPMG in Saudi Arabia converts from partnership to joint stock company

KPMG, the leading provider of audit, tax and advisory services in Saudi Arabia, announced that it had obtained official approval from the Saudi Ministry...

KPMG Report: Despite pandemic, Saudi banks have thrived rather than survived; a dynamic outlook for 2021

KPMG’s latest report on the financial sector, Banking Perspectives 2021, records the sector seen moving towards a better year. Backed by government reforms, halt...

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