Saudi Women Control 70% of Customer Bank Deposits in Homeland
According to Amal Tijani, a lecturer in the Faculty of Economics and Business at the King Abdul-Aziz University in Saudi Arabia, the total value of bank savings of Saudi women is estimated to be SR 43 billion.
Tijani, cited by Al Watan daily, said that the running accounts of the local women amounted to 70 percent of total customer banking deposits in Saudi Arabia.
Nevertheless, she described the banking knowledge of the Saudi women as “weak.” Tijani also stated that the commercial banks operating in Saudi Arabia had not made adequate efforts to educate local women.
Moreover, Tijani asserted that women held 50 percent of the existing businesses in the kingdom.
As for the investment patterns of Saudi women, Tijani said that local women owned 20 percent of the stocks of local joint companies, 15 percent of sole proprietorship business enterprises and 10 percent of total land assets in the country —(MENA Report)
© 2001 Mena Report (www.menareport.com)
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