Saudi banks’ exposure to foreign assets below 8% of total: Riyad Bank’s Chief Economist

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Saudi banks’ exposure to foreign assets is less than 8% of total bank assets in the Kingdom. Total foreign assets held by Saudi banks stand at nearly SAR 284 billion, Naif Alghaith, Chief Economist at Riyad Bank, told Al Arabiya TV.

Foreign assets at Saudi banks include foreign bonds and other assets. Total local and international bonds at these banks constitute less than 15% of total.

The majority of these bonds are domestic, Alghaith added.