(MENAFN) Saudi Arabia’s present account balance has seen a 17.6 percent surge in the April-June period of this year to SR170.1 billion (USD45.26 billion), driven by a surge in oil and non-oil shipments, in line with the Saudi Central Bank’s monthly bulletin.
The Kingdom’s shipments of goods jumped to SR272. 2 billion (nearly USD72.4 Billion), indicating a 23.1 percent rise from SR221.1 billion (nearly USD58.1 billion) during the same period.
Services including transport and construction all seen decreases during the stated period of this year, resulting in a 53.9 percent decline in the industry.
Saudi Arabia’s foreign assets climbed 2.4 percent from the January-March of this year, reaching SR4.9 trillion (nearly USD1.3 trillion) in the April-June period of this year.
Portfolio investments — which contain equity and investment fund stocks and debt securities — marginally decreased by 1.1 percent for the second consecutive month, comparing to 1.4 trillion by the end of June.
MENAFN02102022000045014228ID1104955631
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.