Saudi Arabia's reserve assets have reached their highest level in six years
The reserve assets of the central bank of Saudi Arabia have grown to the highest level since 2020, reaching 1.86 trillion riyals ($496 billion), Aawsat reports.
"Reserve assets reached 1.86 trillion riyals, the highest level since February 2020," the material says.
The indicator increased by 9.4% year—on-year, and by 4.5% compared to February 2026. The main share of reserves is made up of investments in foreign securities — 56.6% of the total volume, which increased to 1.05 trillion riyals ($ 280 billion), the article says.
Foreign currency assets and deposits abroad also increased to 714.6 billion riyals ($190 billion), while the reserve position in the International Monetary Fund rose slightly to 12.8 billion riyals ($3.4 billion).
On April 28, Reuters reported on the UAE's withdrawal from OPEC and OPEC+ organizations. The decision was made due to the closure of the Strait of Hormuz. According to UAE Energy Minister Al Mazroui, the country was also constrained in its influence on the global market due to the naval blockade of the strait.
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