A big portion of Saudi wealth is owned by its women reaching $11.9 billion cash, Almasa Capital’s asset management reported in a study.
Despite the big cash at hand, the study revealed that these Saudi women still feel disempowered due to political and social constraints.
The released study published by the London-based al-Hayat newspaper showed that Saudi women make up to 45 percent of the Saudi population, and 65 percent of the 79 percent of the literate female population work, however 78.3 percent of female college graduates do not work.
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Regionally
Quarter of Middle East’s wealth is owned by women however a sense of dissatisfaction and inequality loom Middle East women.
Also, in another study done by Asharq Alawsat newspaper, sound financial advice is absent and particularly missing to aid the financial complexities and needs of Middle East women.
Rich women needs differ from their male counterparts, the study said.
Middle East women own about 22 percent of the region’s wealth translating into half a trillion dollars in 2009, however lower than the 27 percent or $20 trillion of the accumulated wealth for all women globally.
Wealth figures of Middle Eastern women are close to their European women counterparts, however surpass Russian women’s wealth figure.
Western Europe women own 26 percent of their region’s wealth, and 21 percent for Russian women.
Also, Boston Consulting reports that Middle East women’s wealth did not take a sudden leap but it was a gradual increase, and it rose exponentially at the start of the financial crisis, affecting assets under managements internationally.
Boston Consulting’s study polled 500 female and interviewed 70 specialized women in banking services.
The study predicted that women’s wealth will grow by 8 percent starting at the end of 2014, slightly higher than the 7 percent witnessed between 2004 and 2009.
Middle East will grow by 8 percent; however emerging markets from Africa, Asia and Latin America are predicted to have higher growth rates.
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