Riyadh – Mubasher: The Saudi Arabian Monetary Authority’s (SAMA) assets tumbled 10.6% by the end of June 2017, compared to the year-ago period.
The Saudi official body’s assets fell to SAR 1.936 trillion ($516.27 billion) by the end of June 2017, compared to SAR 2.166 trillion ($577.6 billion) by the end of June 2016.
On a monthly basis, SAMA’s assets shed 0.1%.
The decrease in SAMA's assets was attributed to the drop in investments in securities abroad by 8.7% to SAR 1.264 trillion, as these investment represented 65.3% of SAMA’s assets.
SAMA’s deposits abroad slid 28.8% to SAR 361.3 billion, as these deposits made up 18.33% of the Saudi body’s assets.
On the other hand, the miscellaneous assets which represented 2.15% of SAMA’s total assets surged 166.8% to reach SAR 41.7 billion by the end of June 2017.
