Treasury bond investments up SAR 2.9 bln in May

11/07/2017 Argaam Special

Saudi banks’ investments in Treasury bonds increased by SAR 2.9 billion month-on-month to SAR 197.8 billion in May, data from the Saudi Arabian Monetary Authority’s (SAMA) showed.

 

Assets held by SAMA recorded a five-year low in May as it dropped by SAR 18.3 billion.

 

Saudi Arabia had issued local and international debt instruments worth SAR 200.1 billion in 2016.

 

The finance minister earlier said he expects the Kingdom to resume issuing local bonds this month.

 

Saudi Banks Investment in Treasury Bonds (SAR bln)

Month

Value

Variation

January 2016

86.7

0.5

February

98.6

11.9

March

120.6

22

April

139.9

19.3

May

153.5

13.6

June

156.6

3.1

July

167.3

10.7

August

169.7

2.4

September

173

3.3

October

175.7

2.7

November

177

1.3

December

178.4

1.4

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

 

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