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Standard Chartered to boost capital in Saudi Arabia: CEO

image sourced from original article at https://www.arabnews.com/node/2396876/business-economy

Standard Chartered CEO Sunil Kaushal spoke to Arab News on the sidelines of the Future Investment Initiative in Riyadh on Tuesday. Kaushal said that Standard Chartered is committed to raising more capital in Saudi Arabia, as the Kingdom is currently pursuing its economic diversification journey. Kaushal also highlighted that it is necessary to diversify the sources of capital, as stock markets are vulnerable to external factors. Kaushal said that Standard Chartered is expected to double its growth in the Kingdom in the next three years.

Original article source: https://www.arabnews.com/node/2396876/business-economy
Source Id: 7798610212

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