Riyadh – Mubasher: Saudi Arabia raised its holdings of the US Treasuries by 10.44% year-on-year in April, for the third month in a row.

The kingdom’s holdings of US debt instruments amounted to $176.6 billion by the end of April, compared to $159.9 billion in April 2018, according to the US Treasury Department’s data.

On a monthly basis, Saudi holdings of US government bonds levelled up 3.9%, from $170 billion in March.

China is the largest foreign holder of US government debt with $1.113 trillion, while Saudi Arabia came first among the GCC peers.