Inside Saudi Arabia's Financial Sector This Week, in Pictures
Inside Saudi Arabia's Financial Sector This Week, in Pictures
(Bloomberg) -- Here’s a fresh take inside Saudi Arabia, the biggest economy in the Middle East and home to the world’s biggest petroleum fields. Gaining exclusive access as a western photographer, Bloomberg’s Simon Dawson captured images of the financial sector at work with visits to the trading floor of Alawwal Bank and at the Tadawul stock exchange.
Reaction on the floor of the Saudi Hollandi Bank, which is now rebranded as Alawwal Bank.
The Tadawul All Share Index advanced 26 percent since Saudi Arabia’s record-breaking bond sale in October.
Royal Bank of Scotland Group Plc (RBS) is a 40% partner in Alawwal Bank.
Tadawul retreated 0.1 percent at the close on Nov. 28, ending a five-day winning streak.
Saudi Arabia needs to urgently reduce its reliance on oil.
Saudi Arabia is seeking to open up one of the world’s most closed stock markets to more international participation.
To contact the reporter on this story: Simon Dawson in London at sdawson26@bloomberg.net.
To contact the editor responsible for this story: Alaa Shahine at asalha@bloomberg.net.