Riyadh – Mubasher: The assets of Saudi Arabian Monetary Authority (SAMA) decreased by 14.73% to stand at SAR 2.08 trillion ($555.1 billion) by the end of November this year from SAR 2.44 trillion ($651 billion) by the end of the same month a year ago.
On a monthly basis, SAMA’s assets shrank by 2% when compared to SAR 2.12 trillion ($566 billion) by the end of October, according to the periodical bulletin of SAMA.
The decline in assets was attributed to lower investments in securities outside the kingdom by 12.74% to SAR 1.39 trillion; the securities abroad account for 66.7% of SAMA’s overall assets.
SAMA’s deposits in banks outside Saudi Arabia decreased by 28% to reach SAR 386.7 billion; such deposits account for 18.6% of SAMA’s assets.
