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FINANCIAL NEWS
Saudi-SAMA net foreign assets hit USD555bn
29 Aug 2016
(MENAFN) Net foreign assets of Saudi Arabian Monetary Agency (SAMA) dropped to USD555bn in July, a decline of USD6bn from the last month.
Moreover, assets shrank by 16 percent from a year earlier to their lowest level since Feb 2012.
Additionally, they touched a record high of USD737bn in August 2014m while net foreign assets declined as the government drew on reserves to cover a budget deficit.
Meanwhile, the kingdom public debt to GDP ratio will increase from 5.8 percent in 2015 to 13.6 percent in the current year.
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