SAMA’s Reserve Assets Reach Highest Levels Since 2022

The Saudi capital, Riyadh (Reuters)

The total reserve assets of the Saudi Central Bank (SAMA) increased by 5.5 percent in June on an annual basis, to reach SAR 1.754 trillion ($467.5 billion), compared to SAR 1.66 trillion ($442 billion) in the same period of last year, recording their highest levels since November of 2022.
According to SAMA’s monthly statistical bulletin, reserve assets increased slightly on a monthly basis from SAR 1.752 trillion ($467 billion) in May, to SAR 1.754 trillion ($467.5 billion).
The value of financial investments abroad grew by approximately 7 percent, compared to the same period of 2023, to reach SAR 1.01 trillion ($269 billion) after amounting to SAR 950.87 billion ($253 billion), increasing by 1 percent on a monthly basis.
In contrast, reserve position in the International Monetary Fund (IMF) decreased by 10.7 percent compared to June 2023, recording SAR 13.3 billion ($3.5 billion).
Saudi reserve assets include investments in foreign securities, foreign exchange, deposits abroad, reserves with the International Monetary Fund, special drawing rights, and monetary gold.