Saudi foreign assets up 1.4%

Riyadh - Mubasher: Saudi foreign reserve assets grew by SAR 25 billion or 1.4% year-on-year in July, according to the monthly bulletin of the Saudi Arabian Monetary Authority (SAMA).

Reserve assets reached SAR 1.88 trillion by the end of last month, compared with SAR 1.85 trillion in July 2017, and SAR 1.89 trillion in June 2018, meaning that it decreased by 1% month-on-month.

Assets include investments in foreign stock markets, foreign exchanges, bank deposits, as well as gold reserves.

Investments in the stock markets dominate 63% of the kingdom’s foreign asset reserves.

Stock market investments decreased by 4% to SAR 1.19 trillion, compared with the same period last year.

Mubasher Contribution Time: 30-Aug-2018 16:21 (GMT)
Mubasher Last Update Time: 30-Aug-2018 16:21 (GMT)