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SAMA records SAR 1.98bn surplus in FY18/19

SAMA records SAR 1.98bn surplus in FY18/19
SAMA’s revenues declined by 8.14% - (Photo Archive)

Mubasher: The financial statements of the Saudi Arabian Monetary Authority (SAMA) showed a surplus for the fiscal year (FY) ending on 30 June 2019.

The retained surplus amounted to SAR 1.98 billion, compared with SAR 2.78 billion in FY17/18.

SAMA’s revenues declined by 8.14% to SAR 4.59 billion, down from SAR 4.99 billion in the previous year.

On the other hand, expenditure grew by 17.5% to SAR 2.61, with SAR 2.57 billion going to general and administrative spending and SAR 39 million directed to the subscription of the Public Pension Agency.