Riyadh - Mubasher: Seven million Saudi citizens do not have bank accounts, including four million women, according to a new study conducted by the King Khalid Foundation (KKF).
Around 28% of Saudis do not have effective bank accounts, 60% of which are women, Arabian Business reported citing the new study.
The study indicated that 7% of Saudi citizens refuse to have bank accounts for ideological reasons, while 66% of Saudis said they lack adequate funds and 8% expressed a lack of confidence in the banking transactions.
The gender gap in ownership of bank accounts was 22% for males, the figures showed, while the percentage of Saudi borrowers from lenders made up 31%.
