Transformational leaders in Saudi Arabia

Fiyad Alenazi, Nuttawuth Muenjohn, Adela McMurray

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

A review of the banking sector in Saudi Arabia demonstrates that there is high pressure on HR departments, managers and supervisors to retain qualified and expert bank employees due to the fast growth in the industry in Saudi Arabia. For almost 100 years, Saudi Arabia had just 11 banks. By 2004, they had 1,216 branches and 4,104 ATMs. But between 2005 and 2013, the Kingdom gained more than 12 new banks, both local and international, a figure that continues to grow. The number of commercial bank branches operating in the Kingdom increased to reach 1,768, with more than 13,883 ATMs in 2013, and the expansion is still ongoing (CDSI, 2013). The capital and reserves of commercial banks increased to reach 234.7 billion riyals in 2013 (SAMA, 2012; SAMA, 2013) All these developments increased the demand for banking employees, especially for experts.
Original languageEnglish
Title of host publicationThe Palgrave Handbook of Leadership in Transforming Asia
Place of PublicationUnited Kingdom
PublisherPalgrave Macmillan
Pages559-585
Number of pages27
ISBN (Electronic)9781137579409
ISBN (Print)9781137579386
DOIs
Publication statusPublished - 25 Jul 2017
Externally publishedYes

Keywords

  • Transformation
  • Leaders
  • Saudi Arabia

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