29 GCC Economic News Highlights Saudi bank deposits rise to SAR1.27trn: The depositary base of Saudi banks has reached SR 1.27 trillion during January, according to the latest SAMA (Saudi Arabian Monetary Agency) bulletin, a rise of 13.7% over the same month last year Saudi banks to slow pace of credit to avoid overheating': The banking system is expected to soften the pace of credit to avoid overheating their balance sheets.
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