RIYADH: The total assets of the Saudi Central Bank, also known as SAMA, in November rose by 3.25 percent as compared to the previous month to reach SR1.821 trillion ($485.64 billion), data issued by the apex bank showed on Thursday.
The bank's net foreign assets went up 2.89 percent in November to reach SR1.568 trillion.
The Kingdom’s economic diversification efforts are also paying off as its non-oil economy is expanding and tourism is playing a crucial role in this regard.
According to the latest data, the Kingdom recorded SR19 billion in revenue from inbound tourism in the third quarter of 2023.
Saudi Arabia generated SR19 billion in revenue from inbound tourism during the third quarter of 2023. The total tourism revenues for the Kingdom in the first nine months of 2023 reached SR102 billion.
Data showed the bank claims on the private sector rose by 0.97 percent in November to reach SR2.52 trillion whereas its claims on public sector increased by 1.58 percent to SR678.66 billion from October.
Government deposits, including quasi government and institutions, with the central bank rose by 10.64 percent during this period reaching a total of 501.57 billion.
The apex bank's investment in foreign securities also recorded a 1.74 percent rise in November to reach SR1.019 trillion.