SAMA’s Assets hit SR1.998 trln in November

The Saudi Central Bank (SAMA) overall assets increased by 1.0%, or by SR 20.4 billion to SR 1.998 trillion in November, compared to October 2022 when it recorded SR 1.977 trillion.

According to SAMA’s bulletin for November 2022, the assets soared by about SR 104.6 billion, or 5.5%, compared to their levels in November 2021, at SR 1.893 trillion.

They increase during November 2022 compared to the same month of 2021, has been supported by an increase in deposits with banks abroad by 10.1%, amounted to SR 356.7 billion, compared to SR 324 billion in 2021, while investments in securities abroad rose to SR 1141.8 billion, at a rate of 0.6% compared to 2021 at SR 1135.3 billion, while other assets rose by 51.4%, 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.