Saudi banks’ net foreign assets at $15.84bn by February – central bank

By Andrei Skvarsky.

The net foreign assets of Saudi Arabia’s commercial banks stood at 59.41bn riyals ($15.84bn) by February 2024, a Saudi newspaper said on April 11, citing the country’s central bank (SAMA).

The Saudi banks’ gross foreign assets grew 22 per cent year on year by February, reaching $92.7bn, but their foreign liabilities rocketed simultaneoulsy by 38 per cent to $76.86bn, Riyadh-based English-language daily Arab News cited SAMA as saying.

SAMA’s own net foreign assets reached 1.55trln riyals ($413,33bn) by February, Arab News said.

$1.00=3.75 riyals.