Saudi banks’ T-bond investments rise to SAR 591.9B in 2024

12:58 PM (Mecca time) Argaam Special
*Data updated regularly


Saudi banks’ investments in treasury bonds increased by about SAR 51.6 billion year-on-year (YoY) to SAR 591.9 billion in 2024, data from the Saudi Central Bank (SAMA) showed.

 

Banks' investments in treasury bonds rose annually for the 12th straight year.

 

Government bonds made up 74% of banks' total claims on the public and quasi-public sectors in Saudi Arabia during 2024.

 

These holdings include domestically issued bonds and international sovereign sukuk and bonds bought in the secondary market.

 
SAMA’s assets rose by SAR 20.2 billion to reach SAR 1.88 trillion in December 2024.
 

The table below illustrates the development of Saudi banks' investments in treasury bonds:

 

Saudi Banks’ Investments in Treasury Bonds (SAR bln)

Period

Value

Change MoM

2010

61.9

(13.8)

2011

47.7

(14.2)

2012

42.6

(5.1)

2013

49.8

+7.1

2014

53.3

+3.5

2015

86.2

+32.9

2016

178.4

+92.3

2017

254.5

+76.1

2018

305.2

+50.6

2019

383.7

+78.5

2020

438.4

+54.7

2021

480.8

+42.4

2022

510.3

+29.5

2023

540.3

+30.0

2024

591.9

+51.6

 

Saudi banks’ investments in treasury bonds were on the rise for most months last year except in June. August topped the gainers with an increase of SAR 8.9 billion.

 

Saudi Banks’ T-Bonds Investments in 2024 (SAR bln)

Period

Value

Change MoM

January

542.5

+2.1

February

546.9

+4.4

March

550.7

+3.9

April

552.2

+1.5

May

556.9

+4.7

June

555.8

(1.1)

July

561.3

+5.5

August

570.2

+8.9

September

574.7

+4.5

October

580.2

+5.5

November

586.6

+6.4

December

591.9

+5.3

*Data updated regularly
 

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