Economics
Saudi Net Foreign Assets Rise for First Time Since January
- Central bank’s stockpile saw monthly increase of 0.2% in May
- Stabilization came after two months of record declines
Photographer: Simon Dawson/Bloomberg
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Saudi Arabia’s net foreign assets rose in May, reversing three months of declines.
The stockpile climbed by 0.2%, or about 3 billion riyals ($800 million), to reach $445 billion, according to a monthly report from the Saudi Arabian Monetary Authority on Sunday.