FINANCIAL NEWS

Saudi Arabia’s reserves grow to SR641.8bn

03 May 2017

(MENAFN) Saudi Arabia’s reserves increased by SR52mn in March this year to reach SR641.8bn, as exposed report of the Saudi Arabian Monetary Authority (SAMA).

Meanwhile, banks cut their investments in treasury bonds by SR202mn in the cited month to reach SR178.7bn, while SAMA’s foreign assets fell by SR28.8bn.

Accordingly, the regional and global debt tools last year reached SR200.1bn at a time the Finance Ministry proclaimed that it would resume its regional bonds this year.

In addition, the foreign investments of the commercial Saudi banks hit SR123.4bn by the end of March compared to SR159.6bn at the same time last year.

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