Saudi Central Bank Assets Record 1.89 Trillion by the End of June

The Saudi Central Bank revealed that assets decreased to 1.895 trillion riyals by the end of last June, by about 16 billion riyals, or 0.83%, from their levels in May 2024, which were 1.911 trillion riyals.

According to the Central Bank’s bulletin for June 2024, which was issued a short while ago, assets increased by about 62.7 billion riyals, or 3.4%, from what they were in June 2023, which was 1.832 trillion riyals.

According to the bulletin, assets increased during June 2024 compared to the same month in 2023 as a result of a 5% increase in deposits in banks abroad, reaching 430.9 billion riyals, compared to 410.5 billion in 2023. Investments in securities abroad also increased to about one trillion riyals, by 6.5% compared to 2023, which was 967.4 billion riyals, while other assets decreased by about 19.2%, and foreign currency and gold increased by 3.7%. The assets of the Saudi Central Bank consist of foreign currency and gold, cash on hand, deposits in banks abroad, investments in securities abroad, in addition to other assets.