GCC Banks Are Well Positioned, Arqaam Capital's Meijer Says

The video discusses the impact of rising interest rates on banks in the GCC region, particularly in Saudi Arabia, UAE, and Kuwait. It highlights the strong performance of Saudi banks due to increased asset yields and net interest income. The GCC banks are well-positioned with a high percentage of floating assets, leading to improved return on equity. UAE banks, while not as sensitive to rate changes, still show potential for growth. Kuwait banks are expected to benefit from market inflows and earnings growth, despite being less sensitive to rate changes compared to Saudi banks.

Discuss the valuation perspective of UAE banks compared to Saudi banks.

What are the expected inflows for Kuwait due to the Footsie inclusion, and how does it compare to Saudi Arabia?