Saudi Arabia’s public investments hit SAR 3.58 trln in Q2 2018

The total investments held by Saudi government domestically and internationally have risen by three percent to SAR 3.579 trillion in Q2 2018 (YoY), Aleqtisadiah newspaper reported based on data from Saudi Arabian Monetary Authority (SAMA).

Direct investments abroad accounted for 8.8 percent of that figure in Q2, versus 8.4 percent a year earlier.

Portfolio investments constituted 15.9 percent of total investments. Portfolio investments were diversified into corporate holdings and investment funds (9.9 percent), and debt securities (5.7 percent).

Other investments represented around 22.5 percent, while reserve assets accounted for 53.1 percent of total government’s assets.

The rise in government’s wealth is attributable to a 2.6 percent increase in reserve assets (SAR 48.8 billion) and a rise in other investments by 10.3 percent.