Saudi Arabia: Government finances improve as economy rebounds

GSN Risk Grade – B↓2↓

Overview

Politics: Established by King Abdelaziz (Ibn Saud) in 1932, the kingdom is the Gulf Co-operation Council (GCC) giant in terms of population, territory, oil wealth and its claim to religious authority. An absolute monarchy, Saudi Arabia is ruled by King Salman Bin Abdelaziz, Ibn Saud’s sixth son to assume the throne.