Financial and Banking News

BUDGETS AND REVENUES

SAMA Repatriates $15.6bn from Foreign Assets in 1984 

Provisional balance of payments figures for 1984 prepared by the Saudi Arabian Monetary Agency (SAMA) and recently published in its Statistical Summary 1405 show that the Kingdom repatriated SR54,915mn ($15.6bn at average 1984 rates) of its foreign assets and investments. The transfer of capital - at an average monthly rate of $1.3bn - went some way towards financing a SR84,701mn...