Loans by Saudi Arabia’s banking sector increased to SR2.72 trillion ($726.44 billion) in May, marking an annual 11.14 percent rise, official data showed. Data released by the Saudi Central Bank, also known as SAMA, showed that corporate credit, which accounted for 53 percent of the total lending in the month, experienced higher growth rates compared to personal loans, which made up the remaining 47 percent. McKinsey also noted in a ...