Saudi National Bank Explores Foray into Booming SRT Market

Saudi National Bank is considering a foray into the rapidly-growing market for significant risk transfers as it seeks fresh ways to maximize its capacity to bankroll the kingdom’s $2 trillion Vision 2030 agenda.

Saudi Arabia’s largest bank by assets has held preliminary talks with experts on the benefits of SRT transactions, which can help banks unlock capital tied up against existing loans, according to people familiar with the matter. Discussions are at an early stage and no specific deals have been shared with prospective investors, said the people, who asked not to be named because the matter is private.