Wednesday 25 April 2018

Saudi businesswomen have $26bn savings

Riyadh, February 16, 2014

Businesswomen in Saudi Arabia have retained SR100 billion ($26.6 billion) in savings, which is 75 per cent of the total bank savings across the kingdom, said a report.

The share of the contracting sector owned by women stood at 14.8 per cent of total commercial registers for women in the Madinah region, Iman Fallatah, deputy head of businesswomen committee at the Madinah Chamber of Commerce and Industry was quoted as saying in the Arab News report.

Fallatah pointed out that the volume of women’s investments in the kingdom has exceeded SR60 billion, nearly 21 per cent of the overall private sector investments.

The contracting sector dominated, followed by foodstuffs at 11 per cent, fast-food sector at 10.5 per cent, workshops 9.1 per cent, and dress-making shops 8.1 per cent, she said.

Tags: Saudi | Bank | Savings | Businesswomen |

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