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Middle EastNovember 1 2019

Al Rajhi CEO looks to continue diversification drive

Al Rajhi Bank CEO Stefano Bertamini talks about areas of expansion for the bank, including retail, mortgages and increased digitalisation through its successful mobile banking app.
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Q: What is the outlook for Saudi Arabia's economy in the coming years, and how will banks respond?

A: According to a recent report by the International Monetary Fund, Saudi non-oil growth is expected to accelerate by 2.9% in 2019, and expand further, above 3%, in the coming years, as economic reforms continue to be implemented.

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John Everington is the Middle East and Africa editor. Prior to joining The Banker, John was the deputy business editor of The National in the UAE, and has also worked for Dealreporter, Arab News and The Telegraph. He has also covered the telecom sector in Africa and the Middle East, living and working in Qatar and the UK. John has a BA in Arabic and History and an MA in Middle Eastern Studies from the School of Oriental and African Studies (SOAS) in London.
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