
Saudi Arabia braces for a new wave of deposits
Analysts caution that the outlook remains tied to the pace of structural reforms and the political calendar.
Wednesday 23 September 2026 · Beirut 20:35
20 articles

Analysts caution that the outlook remains tied to the pace of structural reforms and the political calendar.

Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income.

The announcement lifted shares in the sector by as much as four percent in early trading.

The plan sets out three phases, beginning with an audit of balance sheets and ending with a recapitalisation schedule.

The plan sets out three phases, beginning with an audit of balance sheets and ending with a recapitalisation schedule.

Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli.

Officials say the measures could take effect before the end of the quarter, although parliament has yet to schedule a vote.

The announcement lifted shares in the sector by as much as four percent in early trading.

The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier.

The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial.

Much depends on whether the government can hold its coalition together long enough to pass the legislation.

A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors.