Riyadh – Mubasher: Saudi Arabia raised its holdings of US debt instruments by 16.1% year-on-year in June 2018.

The kingdom’s holdings of US government bonds amounted to $164.9 billion by the end of June, up from $142 billion in the same month a year earlier, according to the US Department of the Treasury’s data showed on Thursday.

On a monthly basis, Saudi holdings of  US Treasury bonds increased by 1.7% in June, from $162.1 billion.

At the global level, China ranked the top holder of the US Treasury bonds with $1.178 trillion, followed by Japan with $1.03 trillion.

At the level of Arab nations, the oil-rich kingdom ranked first with $59.6 billion, while Kuwait came second with $42.9 billion.