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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 launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
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04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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