Strong oil prices boosted Saudi Arabia’s assets by $9.5 billion to US$82.25 billion in the first half of the year, according to the Saudi Arabian Monetary Agency, the kingdom’s central bank. The bulk of the increase was in Sama’s deposits with foreign banks despite the poor returns from low interest rates, reported the Gulf News….
SAUDI ARABIA: High oil prices boost state assets to US$82.3 billion at end-June
Posted on August 23, 2004 by EnergyAsia