SAMA’s Assets hit SR1.98 trln in October

The Saudi Central Bank (SAMA) overall assets decreased by 0.7%, or by SR 14 billion to SR 1.977 trillion in October, compared to September 2022 when it recorded SR 1.991 trillion.

According to SAMA’s bulletin for October 2022, the assets soared by about SR 124.7 billion, or 6.7%, compared to their levels in October 2021, at SR 1.852 trillion.

They increase during October 2022 compared to the same month of 2021, has been supported by an increase in deposits with banks abroad by 20.9%, amounted to SR 327.7 billion, compared to SR 270.3 billion in 2021, while investments in securities abroad rose to SR 1139.5 billion, at a rate of 0.3% compared to 2021 at SR 1136 billion, while other assets rose by 44%, also foreign exchange and gold dipped by 0.9%.

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.