|28 November, 2019

Saudi SAMA’s assets drop 2.8% in October

SAMA's assets retreated to $500bln

Ahmed Al-Kolifey, Governor of Saudi Arabian Monetary Authority, speaks during annual conference of Saudi Arabia and UAE banks, in Riyadh, Saudi Arabia, November 24, 2019. Image used for illustrative purpose.

Ahmed Al-Kolifey, Governor of Saudi Arabian Monetary Authority, speaks during annual conference of Saudi Arabia and UAE banks, in Riyadh, Saudi Arabia, November 24, 2019. Image used for illustrative purpose.

REUTERS/Ahmed Yosri

Riyadh – Mubasher: The Saudi Arabian Monetary Authority’s (SAMA) assets fell by 2.8% year-on-year in October, a monthly report showed on Thursday.

SAMA’s assets retreated to SAR 1.88 trillion ($500.76 billion) last October, compared with SAR 1.93 trillion.

This was directly attributable to a 2% decline investment in foreign securities to SAR 1.18 trillion.

By the end of last month, investment in foreign securities accounted for nearly 63% of SAMA’s total assets.

Moreover, SAMA’s assets dropped by 2.3% during October, compared with SAR 1.92 trillion in September.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.