The Saudi Central Bank (SAMA) reported an annual growth rate of 5.5 percent in its reserve assets, with an increase of approximately SAR 92.049 billion ($24.5 billion).
The growth brought the total reserve assets to SAR 1.754 trillion ($467.7 billion) by the end of the second quarter of the current year, compared to SAR 1.662 trillion ($443.2 billion) during the same period last year.
According to the Saudi Central Bank’s latest monthly statistical bulletin, reserve assets reached their highest levels at the end of June. On a quarterly basis, reserve assets grew by 2.7 percent, an increase of approximately SAR 46.724 billion, compared to the first quarter, which stood at SAR 1.707 trillion. On a monthly basis, the reserve assets grew by 0.1 percent, with an increase of about SAR 1.146 billion.
Reserve assets have seen a 6.6 percent increase from the beginning of the year until the end of June.
Reserve assets are composed of five main components. The largest of these is "Investments in Securities Abroad," which constitutes approximately 58 percent of the total, amounting to around SAR 1.016 trillion at the end of the second quarter of 2024.
The second largest component is "Foreign Exchange and Deposits Abroad," which represents about 37 percent of the total, amounting to approximately SAR 646.3 billion.
The third component, "Special Drawing Rights," accounts for around 4 percent of the total, amounting to SAR 77.2 billion.
The fourth item is the "Reserve Position with the International Monetary Fund," which totals SAR 13.3 billion.
Finally, "Monetary Gold" makes up the fifth component, with a value of approximately SAR 1.624 billion.
