Independent public institutions and bodies in Saudi Arabia upped their investments in foreign securities by a slight 0.1 per cent to SAR387.32 billion by the end of August.
The increase in August was SAR392 million while it was SAR386 million in July, according to data compiled and analysed by Al-Eqtisadiah.
The August figure is the highest ever compared with only SAR75.2bn in 1996.
However, the monthly increase in foreign securities investments didn’t figure high on these institutions’ gross assets despite the fact these investments make up almost 72.8 per cent of the value of assets.
Meanwhile, independent public sector institutions injected more funds to their foreign accounts, which totalled SAR19.5bn, signalling a monthly increase of 1.3 per cent or SAR250m in August.
Foreign accounts are the third largest component of these bodies’ assets, accounting for roughly 3.7 per cent of the total.
The data reveals that the assets of independent public institutions amounted to SAR532.3bn by the end of August, slightly down by 0.5 per cent or SAR2.7bn compared with SAR535bn by the end of July.
(SAR1 = AED 0.98, at the time of publishing)