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Saudi banks invest SAR 447.27bn in gov’t bonds in April

Saudi banks invest SAR 447.27bn in gov’t bonds in April
The Saudi banks' investments in government bonds rose by 1.3% MoM

Riyadh – Mubasher: The banks operating in Saudi Arabia have raised their total investments in government bonds by 8.27% to SAR 447.271 billion in April 2021, compared to SAR 413.11 billion in the same month of 2020.

On a monthly basis, the Saudi banks' investments in government bonds rose by 1.3% in April 2021 from SAR 441.518 billion in March 2021, according to the latest data by the Saudi Central Bank (SAMA).

The Saudi banks' investments in government bonds accounted for 84.7% of the banks' total claims on the public sector worth SAR 528.17 billion by the end of April 2021.