Saudi banks’ treasury bond holdings rose in November

01/01/2018 Argaam Special


 

Saudi banks’ investments in treasury bonds increased by around SAR 5.8 billion month-on-month (MoM) to around SAR 250.7 billion in November, new data from the Saudi Arabian Monetary Authority (SAMA) showed.

 

Banks’ treasury bond holdings rose by nearly SAR 72.3 billion during the first eleven months of 2017.

 

Meanwhile, SAMA’s foreign assets increased by SAR 8.9 billion in November to SAR 1.9 trillion.

 

Saudi Arabia’s finance ministry has so far launched four sukuk issues at a total value of SAR 47 billion year-to-October.

 

Saudi Banks’ Investment In Treasury Bonds (SAR bln)

Month

Value

Variation

January 2017

178.3

(0.1)

February

178.9

+0.6

March

178.7

(0.2)

April

194.9

+16.2

May

197.8

+2.9

June

200.4

+2.6

July

215.8

+15.4

August

228.5

+12.7

September

235.4

+6.9

October

244.9

+9.5

November

250.7

+5.8

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