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FINANCIAL NEWS
Saudi invests USD0.51 trillion in foreign securities
03 Oct 2013
(MENAFN) A financial report showed that Saudi Arabia invested USD0.51 trillion in securities of foreign countries, which forms 73 percent of the Kingdoms total reserves, according to Arab News.
Data from Saudi Arabian Monetary Agency (SAMA) showed that the Kingdoms investment in foreign securities increased significantly to reach USD0.51 trillion last August up from USD53.8 billion in 2005.
In August 2012, Saudi investments in foreign securities reached USD0.42 trillion, while in the same month of the current year, it boosted 21 percent.
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BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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