SAUDI ARABIA

 

New SAMA Data Shows Jump In Saudi Arabia’s Foreign Assets

In data published for the first time by the Saudi Arabian Monetary Agency (SAMA) on the kingdom’s international investment position, it can be seen that its net foreign assets grew rapidly to reach SR1,852bn ($494bn) by the end of 2010 (see table). In 2010 Saudi companies and individuals owed SR798bn ($213bn) to foreigners (shown as liabilities), while total Saudi assets were...