Saudi Arabia’s small and medium enterprises (SMEs) received 5.8 percent of the total loans given by Saudi banks, surpassing the target rate of 5 percent, the Financial Sector Development Program 2020 said in its Q1 2019 report.
The market capitalization of the top 10 companies on the Saudi Stock Exchange (Tadawul) rose to 63.4 percent by the end of March 2019, against the planned 55 percent rate, while the institutional investors’ share in the total value traded increased in Q1 2019 to a quarterly average of 28.6 percent versus the targeted 20 percent.
Meanwhile, the share of non-cash transactions out of total transactions reached 23 percent.
According to data compiled by Argaam, the Financial Sector Development Program is one of the executive programs launched by the Council of Economic and Development Affairs (CEDA) to achieve the objectives of Vision 2030.
The program aims to meet its objectives through enabling financial institutions to support private sector growth, promoting and enabling financial planning, and ensuring the formation of an advanced capital market, without impeding the strategic objectives intended to maintain the financial services sector’s stability.
The following table shows the development of the Financial Sector Development Program 2020’s KPIs in Q1 2019:
|
Financial Sector Development Program 2020’s KPIs |
|||
|
Index |
Baseline |
Q1 2019 |
2020 Target |
|
Share of non-cash transactions (% of total transactions) |
18% |
23% |
28% |
|
Number of adults with a bank account (%) |
74% |
- |
80% |
|
Number of Fintech players |
0 |
Will be measured in 2020 |
3 |
|
SME loans as % of bank loans |
2% |
5.8% |
5% |
|
Value of SME funding through PE/VC vehicle (bln SAR) |
-- |
Will be measured in 2019-end |
23 |
|
Life GWP per capita (SAR) |
33 |
33 |
40 |
|
Coverage ratio of insurance schemes |
Health 38% Auto 45% |
- - |
Health 45% Auto 75% |
|
Assets under Management, as % of GDP |
12% |
15.9% |
>=22% |
|
Market concentration of top 10 companies by market cap |
57% |
63.4% |
55% |
|
Institutional investors’ share of value traded |
18% |
28.6% |
>=20% |
|
Foreign Investor ownership of the equity market cap |
4% |
5.3% |
>=15% |
|
Number of micro and small cap companies listed, as % of total number of companies listed |
34% |
41.3% |
>=40% |
|
Share of investment accounts opened through eKYC |
0% |
Will be measured in 2019-end |
10% |
|
Minimum free float of equity market cap. out of total outstanding shares |
46% |
43% |
>=45% |
|
Total amount of savings held in savings products (bln SAR) |
315 |
- |
400 |
|
Number of available types of savings products, Absolute number |
4 |
4 |
9 |
|
Percentage of households savings on a regular basis |
19% |
- |
29% |
|
Share of accounts opened through eKYC |
- |
- |
10% |
|
Household savings ratio out of disposable income |
6.2% |
- |
7.5% |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}