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Gargash Group acquires Deem Finance
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Gargash Group acquires Deem Finance
tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.
Saudi Stocks Extend Slide On Reflation Trade Slowdown: Inside EM
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Saudi banks and building materials favored by Daman Investments
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RIYADH: Saudi banks and building materials are among the top regional recovery play stocks picked by Daman Investments.
The Dubai-based asset manager sees such companies as Yanbu Cement and Saudi Ceramics as benefiting from a pickup in construction activity.
The Shareek privatization program is expected to drive lending growth for some of the Kingdom’s biggest banks, Ali El Adou, head of asset management at Daman Investments, told Bloomberg TV on Sunday.
The recovering economy may also benefit fuel retailers Aldrees and bookstore Jarir as the reopening of schools mean more books sales and fuel being consumed from schools runs.