Profits at top Saudi banks jumped 17.6% in Q1. Profits well diversified, according to Alvarez & Marsal. Saudi’s foreign reserves to hit US$581 billion by end 2022, Jadwa said. Saudi issued 9,400 new investment licenses for foreigners in Q1, 19 times more than licenses granted in Q1 2021. 800,000 work visas issued in 2021.