(MENAFN) Private wealth in Saudi Arabia is predicted to record a joined annual increase rate of 2.7 percent to reach USD2tr by 2020.
Accordingly, in the coming five years, the growth of private wealth in the kingdom will be driven by equities at 4.4 percent, trailed by cash and deposits at 1.9 percent.
Additionally, private wealth in the kingdom is projected to increase by 4.8 percent in the coming five years, in which will witness the highest growth by 2020.
Between 2010 and 2014, the kingdom viewed its private wealth grow by 1.6 percent, which was 2 percent in equities, 1.4 percent in cash and deposits.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.