Saudi's strong fundamentals

The kingdom is sailing through the credit crunch thanks to rising forex reserves and little leverage.

As the US struggled with its massive banking sector bailout, Saudi Arabia quietly guaranteed the stability of its banks. The move was largely seen as a symbolic gesture to boost investor confidence in an economy that is fundamentally sound and a country that is home to some of the best-capitalised financial institutions in the Middle East.

Despite a strong economy, Saudi Arabia’s market has suffered from the global economic crisis along with the rest of the world. The Saudi stock...

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