Riyadh – Mubasher: Banks operating in Saudi Arabia have raised their investments in government-issued bonds by 14.69% year-on-year (YoY) in 2020.

Total bank investments in Saudi bonds hit SAR 440.02 billion last year, up by about SAR 56.34 billion when compared to SAR 383.67 billion in 2019, according to data collected by Mubasher based on figures from the Saudi Central Bank (SAMA).

In December 2020, Saudi banks bought government bonds worth more than SAR 10 billion, up by 2.3% when compared to the previous month.