Saudi holdings of US debt instruments increased by $24.3 billion, or 17.05% year-on-year in July, reaching $166.8 billion from $142.5 billion, data released by US Department of the Treasury showed.
Month-on-month, the kingdom’s holdings of debt instruments rose 1.1%, from $164.9 billion, the Department added.
At the level of Arab nations, Saudi ranked first, followed by the UAE with $59.7 billion, and Kuwait with $42.9 billion.
At the global level, China topped the holders of US debt instruments with $1.171 trillion, while Japan ranked second with $1.035 trillion.
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