Riyadh - Mubasher: The Saudi Arabian Monetary Authority’s (SAMA) assets dropped by 13%, or around SAR 1.94 trillion ($516.74 billion) by end of May 2017, compared to SAR 2.23 trillion ($593.94 billion) by end of May 2016.
On a month-on-month basis, assets declined by 0.93% from SAR 1.96 trillion ($521.6 billion), according to monthly data released by SAMA.
SAMA’s assets fell 11.9% by end of April 2017, compared to April 2016.
The value of SAMA’s assets decreased after its foreign investments in securities, which represent 46.9% of total assets, shrunk 10.2% recording SAR 1.26 trillion.
Deposits at banks outside Saudi Arabia fell 31.78% reaching SAR 361.3 billion. SAMA’s deposits in these banks represent 18.64% of its total assets, the statement showed.
Other varied assets, which make up 1.75% of SAMA’s assets, rose by 29% by end of May 2017, recording SAR 33.69 billion.
