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Saudi banks’ investments in gov’t bonds jump 15.45% in January

Saudi banks’ investments in gov’t bonds jump 15.45% in January
The Saudi Central Bank (SAMA)

Riyadh – Mubasher: Banks operating in Saudi Arabia have raised their investments in government-issued bonds by 15.45% annually in January 2021, equivalent to SAR 59.76 billion.

Total banks’ investments in Saudi bonds reached SAR 446.45 billion by the end of January 2021, compared with SAR 386.69 billion in the same month in 2020, according to data from the Saudi Central Bank (SAMA).

Moreover, Saudi banks bought SAR 8.08 billion worth of bonds in January 2021, up by 1.8% from a month earlier.

In 2020, banks in the Gulf country hiked their investments in government bonds by 14.69% yearly or SAR 56.34 billion.