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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.
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13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
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