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  • 24-05-21

    Shareek privatization program to drive lending growth for some of Saudi’s banks

    (MENAFN)Saudi banks and building materials are considered at the top of regional recovery play stocks marked by Daman Investments.

    The Dubai-based asset manager considers these companies as Yanbu Cement and Saudi Ceramics as advantaging from a lift up in construction activity.

    Bloomberg TV quoted Ali El Adou, head of asset management at Daman Investments as saying that the Shareek privatization program is estimated to make lending enlargement for some of the Kingdom’s biggest banks.

    The recovering economy may also advantage fuel retailers Aldrees and bookstore Jarir as the reviving of schools mean more books sales and fuel being consumed from schools runs.

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