05 Mar 2013
(MENAFN) Saudi Arabian Monetary Agency (SAMA) investments in overseas bonds and shares jumped by 21 percent in 2012 to USD453.2 billion compared to 2011, Arab News reported.
According to the paper, this represented 70 percent of SAMA’s USD663.8 billion in total assets by January this year, boosted by oil-related foreign exchange inflows in recent years.
SAMA’s deposits with banks operating outside the Saudi Arabia stood at USD110.4 billion in 2011, up 20.4 percent from USD91.68 billion in 2010.
Investment in foreign securities also soared by 20.8 percent to USD373.2 billion in 2011, faster pace than 10.3 percent growth in 2010, the report said.
The currency cover rose by 24.3 percent to USD45.1 billion in 2011 compared to a rise of 10.5 percent in the previous year.
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
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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