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Talent and trust: The woman who rose to the top of Saudi Arabia's banking sector


Talent and trust: The woman who rose to the top of Saudi Arabia’s banking sector
How Sarah Al-Suhaimi used technical and managerial skill to win over employees and revive NCB Capital.
Photograph by Abaca Press / Alamy
Scholars have long wrestled with the nature of trust. Perhaps this is because our understanding of trust is flimsy: we bandy the word about and use it to refer to a potpourri of characteristics. In the days of togas and laurels, Aristotle argued that in order to gain the trust of listeners, a speaker had to have
ethos (character),
pathos (emotion), and
logos (logic). In other words, there’s more than one way to gain trust, and these ways vary vastly from the moral domain, to the emotional, to the logical. ....

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Saudi banks' profitability improve on lower provisions and higher income


Dubai: The profitability outlook for Saudi banks showed signs of improvement as increased operating income and reduced provisioning supported return ratios, said an analysis of third quarter results by professional services firm Alvarez & Marsal (A&M).
“While we have witnessed an overall improvement in profitability this quarter, the near-term outlook for Saudi banks looks bearish,” said Asad Ahmed, A&M Managing Director and Head of Middle East Financial Services.
“The Saudi government’s announcement to cut budget spending by 7.5 per cent in 2021 could have a spill-over effect in other sections of economy.”
Balance sheet growth
Saudi Arabia’s top 10 banks reported an increase in loans and advances which grew at a faster pace in Q3 2020 (3 per cent quarter on quarter, compared to 1.9 per cent in the previous quarter. ....

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