Nobody downloaded yet

Assess Competitive conditions in the banking industry in Saudi Arabia - Essay Example

Comments (0) Cite this document
Summary
The establishment of modern day Saudi Arabian banking industry dates back to the establishment of the Saudi Arabian Monetary Agency (SAMA) in 1952 (Almazari & Almuman, 2012; Homoud, 2011). Before the establishment of SAMA, which acts as the Central Bank of the country, a handful…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.5% of users find it useful
Assess Competitive conditions in the banking industry in Saudi Arabia
Read TextPreview

Extract of sample "Assess Competitive conditions in the banking industry in Saudi Arabia"

Download file to see previous pages udi Arabia, the need to establish and develop a modern banking industry was felt, and as a result the foundations of a full-fledged banking industry was laid in the year 1952 (Homoud, 2011). Keeping in view the significant growth and developments in the banking industry of the country, the question arises that whether the banking industry of Saudi Arabia is competitive enough over the past few years (Royal Embassy of Saudi Arabia, 2014). In this paper, the researcher has made use of the method put forward by Rosse and Panzar (1977) for the measurement of the extent to which competition exists in the banking industry of a country. In this regard, the researcher has presented estimates of the Rosse-Panzar H Statistic by making use of information pertaining to financial performance of selected Saudi Arabian banks.
After the introduction section, the report includes a brief review of the banking sector of Saudi Arabia, a discussion of the theory, methodology and data considered in conducting this study, empirical results obtained from analysis of information and conclusions reached thereon.
Today, the Saudi Arabian banking industry is regarded as amongst the fastest growing and developing in the world. Apart from the fact that the operating environment in the country for banks is competitive at present, the industry is expected to gain more competency owing to the fast paced technological and regulatory developments in the region and all over the world. The competency, resilience and strength of the Saudi Arabian banking industry is also evident from the fact that during the recent financial crisis, the industry managed to report positive growth figures, and also showed consistency in its growth in lending operations. At present, the Saudi Arabian banking industry is largely run by private sector and therefore capital lent in the country largely moves from the private sector (Homoud, 2011; Almazari & Almuman, 2012).
As per the statistics published by the Central ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Assess Competitive conditions in the banking industry in Saudi Arabia Essay”, n.d.)
Assess Competitive conditions in the banking industry in Saudi Arabia Essay. Retrieved from https://studentshare.org/finance-accounting/1626590-assess-competitive-conditions-in-the-banking-industry-in-saudi-arabia
(Assess Competitive Conditions in the Banking Industry in Saudi Arabia Essay)
Assess Competitive Conditions in the Banking Industry in Saudi Arabia Essay. https://studentshare.org/finance-accounting/1626590-assess-competitive-conditions-in-the-banking-industry-in-saudi-arabia.
“Assess Competitive Conditions in the Banking Industry in Saudi Arabia Essay”, n.d. https://studentshare.org/finance-accounting/1626590-assess-competitive-conditions-in-the-banking-industry-in-saudi-arabia.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Assess Competitive conditions in the banking industry in Saudi Arabia

Differences in effectiveness of Humen Resource Management practices (HRM) in Saudi Arabia between local and multinational banks

...in this sector. The industry especially after opening up the market by the Saudi government for foreign banks to build up their own branches in 2002(Oxford Group: 2008). Such decision grabbed the attention of many international banks. First in line were the Deutsche Bank AG and Nomura Bank, which got the approval to start up its operations in the country. Besides, existing foreign banks operating in Saudi Arabia such as SAAB (HSBC), SAMBA (City Bank), Saudi French Bank (Callion) and Saudi Hollandi Bank...
12 Pages(3000 words)Essay

Saudi Arabia

... Saudi Monarchy and its along the Passage of History ]In a fair political term, the political system of the Kingdomof Saudi Arabia can be considered as absolute monarchy. Indeed Saudi Arabian monarchy considers the king as the head of both the state and its government. The King of Saudi Arab functions as the chairman of the country’s Council of Ministers. But since the country is ruled according to the Islamic Laws, the King does not preserve any right to enact laws. He only “issues royal decrees in accord with the shari’a” (Matthes et al 2). The most difficult duty that the King has to perform is to maintain a balanced and harmonious relationship among the Royal Family members, the upper-class people of the society and the Ulama... of the...
7 Pages(1750 words)Essay

Petrochemical Industry of Saudi Arabia

...normally takes into consideration the extent to which the respective stock is volatile to market fluctuations. Volatility of a stock is important given that it decides the return that the investor is likely to earn in future. Volatility of a stock is highly dependent upon the financial structure of the underlying economy which makes it necessary for the investor to stay concerned about the general market situation in the nation as well. The present paper is dedicated to the assessment of investment prospects in the petrochemical industry of Saudi Arabia. Although the industry appears to be quite prospective apparently, there might be some intrinsic...
7 Pages(1750 words)Dissertation

Construction industry in Saudi Arabia

...research and development and subsidizing student tuition fees in these subjects. In Saudi Arabia royalty is not merely a figurehead as in the UK, but the ultimate power source as the king not a prime minister makes all the very important decisions (Lindsey 2010). While there have been recent efforts at diversification, Saudi Arabia’s economic growth was fueled by the oil boom of the 1970s creating an impetus for growth in spin off industries such as construction The oil boom created a demand not only for oil plants, but also high end commercial and residential construction stimulated by the growth in wealth B. Information about Immigration System in...
4 Pages(1000 words)Research Paper

Saudi Arabia

.... (Arabia Before Islam) Romans were also responsible for spreading Christianity in North Arabia as Christians mainly lived in Naijran. The followers of Prophet Abraham were called Monotheists, as this group, later, comprised of families of Prophet Mohammad, future Caliph and Banu Hashim. Economic and Social conditions Jews remained the land-owners in Hejaz, while they had monopoly in the industry, which was mainly for making armaments. The other main activity of Arabian society was slavery, which included sale/purchase of male and female slaves. Money lenders also played an important part in the Arabian economy as they charged high rates on loans, making them richer and...
15 Pages(3750 words)Research Paper

Saudi Arabia

... Saudi Arabia Saudi Arabia is an Islamic country with rich historical background. Its monarchy history s far back during the ancient days. This paper outlines the geography of the country, the lifestyle of its people and their approach to governance. Introduction From the ancient days, the Kingdom of Saudi Arabia has developed from a land full of nomads to a modern nation. Led by a man whom Janin and Besheer (5) say not to have any formal education since its true birth in 1932, the country has experienced tremendous achievements. It stands as a significant industrial country, claiming over 25% of the global oil reserve. It is this wealth in oil that Saudi Arabia is known for and is what drives the country’s economy. Considered... as the...
5 Pages(1250 words)Research Paper

Saudi Arabia

...governmental concessions made. Through these advancements and modernizations, the fish industry in Saudi Arabia created a significant jump in the country’s economy. Considered one of the most profitable industries in the kingdom, many investors have shown interest in further developing farms and plants in order to fill the demands of the consumers. Once an almost forgotten industry, fishing is now considered nearly as precious as oil production. With help from the government, this industry continues to expand its horizons through imports, exports, retail and franchising. This trend continues to create more jobs for...
6 Pages(1500 words)Essay

Saudi Arabia

...workers which has managed to make it the most economically powerful nation in the world; whereas, Saudi Arabia is largely focused on the petroleum industry and has a limited population of skilled and educated workers. Labor Laws and their application The labor laws in Saudi Arabia were revised in 2007 to include expatriate, local workers, and their employers. End-of-service awards were usually calculated based on the last wage of the worker; and when workers resigned from his job he was entitled to separation pay based on years in service (Schulz “Archive”). Workers cannot work beyond 8 hours; during the month of the Ramadan, work hours are reduced...
7 Pages(1750 words)Admission/Application Essay

Saudi Arabia

...Saudi Arabia is a kingdom in the Arabian Peninsula, which is ruled by a king who combines legislative, judicial, and executive functions when administering the country. Either the law of the country is generally made by a royal decree from the king or the constitution of this state is the Quran. Although this country is often perceived to be a totalitarian state by many people in America, its political system has worked for the last century and not only has it done this, but it has also led to a great deal of development for its people. The Saudi Arabian government has used the oil wealth of the country for the benefit of its people and it has put a lot of investment not only in...
2 Pages(500 words)Research Paper

Choosing successful industry in Saudi Arabia

.... Consequently, the Saudi Government hired employees from the other countries. The Saudi government targeted employees from countries plagued with high unemployment rates. The countries include India, and other Asian countries. As expected, huge groups of job applicants flocked into Saudi Arabia to get high paying petroleum industry jobs (Kane 2). Employees of the petroleum companies enjoy comfortable working conditions in Saudi Arabia. Saudi Arabia’s labor law article 146 and article 147 clearly requires the employer to exert extra efforts to comply with the benefits...
12 Pages(3000 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Assess Competitive conditions in the banking industry in Saudi Arabia for FREE!

Contact Us