SAMA’s assets hit 1.87 Trillion Riyals

The Saudi Central Bank revealed that assets decreased to 1.872 trillion riyals by the end of last September by about 49.2 billion riyals, or 2.6%, from their levels in August 2024, which were 1.921 trillion riyals.

According to the Central Bank’s bulletin for September 2024, which was issued a short while ago, assets increased by 49.2 billion riyals, or 2.7%, from what they were in the same month of 2023, which was 1.823 trillion riyals.

According to the bulletin, assets increased during September 2024 compared to the same month in 2023 as a result of a 2.6% increase in deposits in banks abroad, reaching 386.3 billion riyals, compared to 376.3 billion in 2023, while investments in securities abroad increased to 1036.9 billion riyals, by 3.9% compared to 2023, which was 997.9 billion riyals, while other assets decreased by about 7.6%, and foreign currency and gold increased by 5.4%. 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.