Saudi Arabia’s Net Foreign Assets Fall Again From Decade Low
- Central bank’s stockpile hit lowest level in decade in April
- Outward investments, lower oil income have driven decline
This article is for subscribers only.
Saudi Arabia’s net foreign assets dropped 0.8% in May from the month before, sinking further after hitting the lowest level in more than a decade.
The stockpile at the kingdom’s central bank fell by 13.65 billion riyals, according to the bank’s monthly report.