SAMA’s Assets Rose by SR121.3 bln to SR1.98 trln in June, highest over 5 years

The Saudi Central Bank (SAMA) overall assets soared by 6.5%, or by SR 121.3 billion to SR 1.986 trillion in June, the highest since February 2017, compared to May 2022 when it recorded SR 1.865 trillion.

The assets soared by about SR 150.8 billion, or 8.2%, compared to their levels in June 2021, at SR 1.835 trillion.

They increase during June 2022 compared to the same month of 2021, has been supported by an increase in deposits with banks abroad by 27.5%, amounted to SR 338.1 billion, compared to SR 265.1 billion in 2021, while investments in securities abroad declined to SR 1126.6 billion, at a rate of 0.6% compared to 2021 at SR 1133.6 billion, while other assets rose by 73%, also foreign exchange and gold dipped by 2.2%.

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