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Saudi central bank net foreign assets rise by $11.73bln in November

Simon Osuji by Simon Osuji
December 29, 2023
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Saudi central bank net foreign assets rise by $11.73bln in November
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Saudi central bank net foreign assets rose by $11.73 billion in November from the previous month, central bank data showed on Thursday.

The net foreign assets rose to 1.568 trillion riyals ($418.16 billion) in November from 1.524 trillion riyals in October, the data showed.

While there was an increase from the previous month, net foreign assets were down 7.6% year-on-year, the data showed. ($1 = 3.7498 riyals)

(Reporting by Yomna Ehab and Enas Alashray Editing by Chris Reese)

 



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