RIYADH - Saudi Central Bank reserves increased by more than $24.5 billion by the end of Q2 2024 to reach over $467 billion.
The reserve assets of the Saudi Central Bank (SAMA) achieved an annual growth rate of 5.5 per cent, with an increase of around SR92.049bn ($24.5 billion), bringing the total to SR1.754 trillion ($467.4 billion) by the end of the second quarter of 2024, compared to the same period of the previous year, where it registered SR1.662tn ($442.9bn).
The data showed that, according to SAMA’s monthly statistical bulletin for June, by measuring the levels of reserve assets during the current year, they reached their highest levels by the end of June 2024.
The reserve assets also recorded a quarterly growth of 2.7 per cent, with an increase of approximately SR46.724bn ($12.5bn), compared to the first quarter of the same year, where they stood at SR1.707tn ($454.9bn).
