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FINANCIAL NEWS
Saudi SAMA’s revenue drop to USD546.7bn
31 Oct 2016
(MENAFN) Net foreign assets at Saudi Arabia’s SAMA decline by USD7.4bn to USD546.7bn in Sep from the previous month.
Furthermore, assets shrank by 15.5 percent from a year earlier to their lowest level since Jan 2012, which reached a record high of USD737bn in August 2014.
In addition, foreign bank deposits shrank by USD5.1bn from the previous month to USD114.4bn in Sep.
The government has been borrowing locally and abroad to cover part of its deficit, which reached almost USD100bn last year.
More News
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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
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
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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