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FINANCIAL NEWS
Saudi’s SAMA net assets down to USD678.8b in April
30 May 2015
(MENAFN) Net foreign assets at Saudi Arabian Monetary Agency fell to USD678.8 billion in April, down by USD11.8 billion or 1.7 percent from March, Arab News reported.
Assets dropped 6.8 percent from a year earlier to their lowest level since May 2013, as the Kingdom drew on its reserves to cover a budget deficit caused by low oil prices, central bank data showed.
Net foreign assets fell by USD16.0 billion in March from the previous month, and by USD20.2 billion in February. They peaked at a record USD737 billion last August.
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