Saudi Arabia's Net Foreign Assets Slide to Three-Year Low

  • Central bank's net foreign assets fell 13 of past 14 months
  • Oil rout straining government finances, pushing savings search

The King Abdullah financial district is seen illuminated at night in Riyadh, Saudi Arabia.

Photographer: Waseem Obaidi/Bloomberg

Saudi Arabia’s net foreign assets dropped to $640 billion in October, the lowest level in three years as the oil rout strains government finances in the biggest Arab economy.

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