Saudi assets hit $266.9bn
Published September 22nd, 2007
Rising oil prices are helping to maintain Saudi Arabia's foreign asset accumulation according to a Q4 report by the SABB Bank and cited by Arab News. Assets managed by the Saudi Arabian Monetary Agency should reach $266.9bn this year, with a monthly growth rate of $4.3bn. Most of the agency's assets are in the form of secure G7 bonds. [AMEInfo.com]
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