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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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BBK discloses its financial results for the half year ended 30th June 2025
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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