Riyadh –  Banks operating in Saudi Arabia have raised their investments in government-issued bonds by 14.69% year-on-year (YoY) in 2020.

Total bank investments in Saudi bonds hit SAR 440.02 billion last year, up by about SAR 56.34 billion when compared to SAR 383.67 billion in 2019, according to data collected by Mubasher based on figures from the Saudi Central Bank (SAMA).

In December 2020, Saudi banks bought government bonds worth more than SAR 10 billion, up by 2.3% when compared to the previous month.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2021 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.