RISK MANAGEMENT IN SAUDI ARABIA BANKING

Abstract

The financial meltdown in the banking sector in the last decade has affected the banking sector in Saudi Arabia. Investment, both locally and internationally, has decreased in the financial sector as a result of this crisis. Risk management has been the most prevalent risk in the banking sector, affecting all banks across Saudi Arabia. Thus, this work was done to analyze the approach to risk management in Saudi Arabia's banking sector. For this work, quantitative research method was used.  In this study, the sample population consisted of banks in Saudi Arabia. The sample size of this study was 50 executives from the banks in Saudi Arabia who were chosen on the basis of a random sampling technique. Data collection was carried out using questionnaire. The key findings of this work have shown that majority of the banks have sector specific focus in dealing with risk. Furthermore, the results have shown that Saudi Arabia banking sector has both the traditional and modern approach of risk management. As a result, Saudi Arabia's banks are in a position to predict and manage risks affecting the industry accordingly.

CCS Concepts

• Information systems➝Database management system engines   • Computing methodologies➝Massively parallel and high-performance simulations.