Saudi Arabia raises holdings of US Treasuries to $180bln in December

Riyadh – Mubasher: Saudi Arabia raised its holdings of US Treasuries by $7.6 billion or 4.41% year-on-year during December 2019, according to data released by the US Department of the Treasury on Wednesday.

Total Saudi investments in US debt instruments climbed to $179.8 billion at the end of last December, compared to $172.2 billion at the end of 2018, data showed.

Month-on-month, the kingdom’s holdings of US Treasuries edged up by $100 million or 0.05% from $179.7 billion at the end of November 2019.

Saudi Arabia topped Arab countries in terms of investments in US bonds, followed by Kuwait and the UAE with $43.3 billion and $40.7 billion, respectively.

Globally, the kingdom came in the 12th place among holders of US Treasuries, topped by Japan, China, and the UK with $1,154.9 billion, $1,069.9 billion, and $332.6 billion, respectively.