Saudi cbank assets drop to SAR 2.66 trln (-SAR 57 bln) in March

The Saudi Arabian Monetary Agency (SAMA), the kingdom’s central bank, dropped down its reserve assets to SAR 2.66 trillion in March, or SAR 57 billion less than in February, according to SAMA’s monthly statement.

The assets were SAR 126 billion less, compared to March last year.

SAMA’s foreign securities investments, which represent 70 percent of its assets, declined 3 percent to SAR 1.97 trillion in March, compared with the same month last year.