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Saudi foreign reserve assets rise to SAR 1.75T in May
Saudi Arabia's international reserve assets grew by 5%, or SAR 85.5 billion, month-on-month (MoM) to SAR 1.75 trillion in May, according to the Saudi Central Bank (SAMA).
On an annual basis, the Kingdom’s foreign reserve assets increased 6%, or SAR 94.8 billion.
Saudi Arabia’s reserve assets include investments in foreign securities, foreign cash and deposits, reserve position in the International Monetary Fund (IMF), special drawing rights (SDRs), and monetary gold.
The table below shows development in Saudi Arabia’s foreign reserve assets since 2023:
Saudi Arabia’s Foreign Assets | |||
| Period | Value (SAR bln) | Monthly Change (SAR bln) | Change |
| January 2023 | 1716.2 | (8.2) | (0.5%) |
| February | 1697.3 | (18.9) | (1%) |
| March | 1645.0 | (52.3) | (3%) |
| April | 1612.1 | (32.9) | (2%) |
| May | 1658.2 | +46.1 | 3% |
| June | 1662.0 | +3.8 | 0.2% |
| July | 1601.0 | (61.0) | (4%) |
| August | 1601.4 | +0.4 | 0.02% |
| September | 1648.1 | +46.7 | 3% |
| October | 1597.4 | (50.7) | (3%) |
| November | 1642.5 | +45.1 | 3% |
| December | 1638.4 | (4.1) | (0.2%) |
| January 2024 | 1646.1 | +7.7 | 0.5% |
| February | 1619.2 | (26.9) | (2%) |
| March | 1707.4 | +88.2 | 5% |
| April | 1667.5 | (39.9) | (2%) |
| May | 1753.0 | +85.5 | 5% |
Foreign currency reserves, representing about 95% of total assets, rose by nearly 6% year-on-year (YoY) in May to SAR 1.66 trillion.
Moreover, IMF reserves dropped 14% YoY, while special drawing rights (SDRs) edged up 0.4% YoY, as shown below:
Foreign Reserve Assets in Details (SAR bln) | |||
| Item | May 2023 | May 2024 | Change |
| Monetary Gold | 1.6 | 1.6 | -- |
| SDRs | 77.4 | 77.7 | +0.4% |
| IMF Reserve Position | 14.8 | 12.7 | (14%) |
| Foreign Currency Reserves | 1564.4 | 1660.9 | +6% |
| Total | 1658.2 | 1753.0 | +6% |
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