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Saudi organisations' foreign assets total $102bn

Riyadh, August 6, 2014

Saudi organisations, including the Saudi Arabian Monetary Agency (Sama) and Public Investment Fund (PIF), had financial assets totalling SR385.3 billion ($102.73 billion) in foreign countries in June 2014, a report said.

The assets in foreign countries amounted to 63 percent of their total assets, said the Arab News report, quoting an analytical report.

The total assets of these organizations rose to SR608.3 billion by the end of June 2014, showing an increase of one percent, or SR4 billion, compared to May 2014, it said.

The amount was down SR6 billion compared to the assets of SR614.3 billion in June 2013, the report said.




Tags: Saudi | investment | foreign |

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