By: El Sayed Gamal
Riyadh – Mubasher: Saudi Arabia increased its holdings of US Treasury bills by 8.4%, or $14 billion, year-on-year, in July 2019.
The kingdom’s ownership of US T-bills grew to $180.8 billion at the end of July, compared to $166.8 billion in the year-ago period, according to data released by the US Department of the Treasury.
Month-on-month, Saudi holdings of US T-bills rose by 0.67% in July, from $179.6 billion in June.
The GCC country ranked first among Arab investors in US T-bills, coming 11th among globally.
Translated by: Muhammad Abdul-Wakeel
