SAMA’s Assets Rose by 5.2% in March

The Saudi Central Bank (SAMA) overall assets soared by 5.2%, to SR 1.885 trillion in March, or by SR 92.3 billion compared to February 2022 when it recorded SR 1.792 trillion.

The assets rose by about SR 31.6 billion, or 1.7%, compared to their levels in March 2021, at SR 1.853 trillion.

They increased during March 2021 compared to the same month of 2021, despite a decrease in deposits with banks abroad by 0.2%, amounted to SR 281.6 billion, compared to SR 282.3 billion in 2021, while investments in securities abroad declined to SR 1122.8 billion, at a rate of 1.4% compared to 2021, at SR 1139 billion, while other assets surged by 12.6%, also foreign exchange and gold climbed by 76.7%.

SAMA’s assets consist of foreign exchange and gold, cash in the fund, deposits with banks abroad, and investments in securities abroad, in addition to other miscellaneous assets.