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FINANCIAL NEWS
Saudi SAMA’s forex reserves to post SR2tr
17 Dec 2016
(MENAFN) According to Saudi Jadwa investment, Saudi Arabia”s financial system is still liquid and can provide room to finance both the public and private sectors, but with sentiment playing a key role.
By the end of this year, Saudi Arabian Monetary Authority”s (SAMA) foreign exchange reserves are estimated to reach nearly SR1.961 trillion (USD523 billion), with lower net withdrawals over the remainder of 2016 as a result of the international bond issuance.
However, this forecast was based on SAMA”s recent precautionary measures to secure the Saudi economy, such as introducing new 90-day repos and capping the weekly issuance of SAMA bills to SR3 billion.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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