123 billion SAR the Saudi investments abroad by the end of April

​           The value of investments of Saudi banks abroad by the end of April amounted to 122.97 billion riyals compared to 150.27 billion riyals at the end of the same month of 2016, a difference of 18.2 percent, equivalent to 27.3 billion riyals.
According to the monitoring unit of the newspaper "Economic", based on the data of the Saudi Arabian Monetary Agency "SAMA", the investment of foreign banks fell by the end of April for the 14th consecutive month, after starting to decline since the end of early 2016.
Foreign banks investments at the end of April reached their lowest level since September 2013.
Foreign investment is one of the foreign assets of banks operating in Saudi Arabia. Foreign assets are divided into four categories (foreign investments, amounts owed to foreign banks, amounts owed to branches abroad and other assets).
The largest items in terms of value were "foreign investments", accounting for about 52.6 percent of the total foreign assets of banks operating in Saudi Arabia.
"Outstanding amounts due to foreign banks" came second with a value of 65.6 billion riyals, representing about 28.1 percent of the total foreign assets of banks.
Amounts due to foreign banks recorded a slight growth of 0.5 per cent, equivalent to 321.9 million riyals at the end of March 2017 compared to the same period in 2016, recording a 13-month high, namely March of 2016.
The third largest item of foreign assets of Saudi banks was "amounts owed by branches abroad", which amounted to about 28.95 billion riyals at the end of March 2017 compared to 30.1 billion riyals at the end of the same period of 2016, recording a decline of 3.9 percent to 1.18 billion riyals, By the end of April 2017, they accounted for 12.39 percent of the total foreign assets of banks.
While other assets came fourth in terms of the largest items of foreign assets of Saudi banks, which amounted to the end of April 2017 about 16.1 billion riyals, which constitute about 6.8 per cent of the total assets of foreign banks, compared to the same period of 2016, it is estimated that it fell by about 2.6 percent, equivalent to about 426.3 million riyals, which at the end of April 2016 about 16.01 billion riyals.
The value of the "foreign liabilities" of Saudi banks at the end of April 2017 amounted to 83 billion riyals compared to 81 billion riyals, registering growth of 2.4 percent, equivalent to 1.96 billion riyals.
The net foreign assets of commercial banks operating in Saudi Arabia at the end of April 2017 amounted to SR 150.67 billion compared to SR 181.23 billion at the end of April 2016, recording a decline of 16.9%, equivalent to SR 30.55 billion. Ten months during April.