Riyadh – Mubasher: Saudi Arabia has raised its holdings of US debt instruments by 17.98% year-on-year to SAR 642.38 billion ($171.3 billion) in October, from SAR 544.5 billion ($145.2 billion), according to the US Department of Treasury’s data.
The kingdom’s holdings of US Treasury bonds slid SAR 18 billion, or 2.7%, in October, compared to SAR 176.1 billion a month earlier, data showed.
China ranked the top holder of the US’s debt instruments with $1.139 trillion, followed by Japan with $1.018 trillion, and Brazil with $313.9 billion.
At the level of Arab states, Saudi Arabia ranked first, followed by the UAE and Kuwait with $57.7 billion and $44.1 billion, respectively.
