Mubasher: Banks operating in Saudi Arabia has raised its investments in government bonds by 20.67% in January 2020, as shown by the data of the Saudi Arabian Monetary Authority (SAMA).
Bank investments in governmental and semi-governmental bonds amounted to SAR 386.69 billion by the end of last January, compared with SAR 320.46 billion in January 2019.
On a monthly basis, Saudi bank investments in government bonds increased by 0.8% or SAR 3.02 billion, compared to its level in December 2019 at SAR 383.67 billion.
The Saudi Ministry of Finance (MoF) closed the January 2020 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program, with a total size of SAR 6.72 billion, through two tranches.
By the end of last year, investments by Saudi banks in government-issued bonds amounted to SAR 383.67 billion, compared with SAR 305.15 billion by the end of 2018.