Riyadh – Mubasher: Assets at the Saudi Arabia Monetary Authority (SAMA) declined 0.36% year-on-year and 0.27% month-on-month in May, recording SAR 1.93 trillion, according to a report released by SAMA.
This decline resulted from a 4.5% YoY decrease in SAMA’s investment in foreign securities during May, registering SAR 1.208 trillion, or 62.6% of the authority’s total assets.
On the other hand, SAMA’s deposits surged 17.9% YoY to SAR 426.2 billion in the fifth month of the year, or 22% of its total assets, the report found.
Saudi Arabia’s international reserves grew 1.1% YoY to SAR 1.892 trillion in May.
