Riyadh – Mubasher: Saudi Arabia raised its holdings of US debt instruments in September for the eighth month in a row, to be among the top ten holders.
The kingdom raised its holdings by 28.8% year-on-year, or $39.4 billion (SAR 147.75 billion), to $176.1 billion in September, up from $136.7 billion, according to the US Department of the Treasury’s recent data.
Saudi Arabia topped the Arab investors in US government bonds, followed by the UAE and Kuwait with $60 billion and $43.8 billion, respectively.
Globally, China is the top holder of US Treasuries with $1.15 trillion, followed by Japan with $1.2 trillion.
