Saudi reserve assets hit 487.3B in August

Saudi Central Bank data shows that the Kingdom's official reserve assets increased by 6.7% on an annual basis, reaching $487.31 billion (1.827 trillion Riyals) at the end of August 2026, compared to $456.65 billion in the same month of 2025. On a monthly basis, assets declined by 0.27%, a decrease of 4.96 billion Riyals ($1.32 billion) from July 2026. Foreign exchange reserves rose by 7.2% annually to $462.15 billion, though they fell by 0.3% month-to-month. Additionally, the reserve position with the International Monetary Fund increased by 1.4%, reaching $3.56 billion, while Special Drawing Rights (SDRs) decreased by 2% year-over-year to $21.16 billion. Cash gold remained stable at $433.07 million.

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