AI drives Saudi Central Bank US investments
The Saudi Central Bank (SAMA) expanded its US stock portfolio by 61.4% during the second quarter of 2026, reaching a value of $7.63 billion. SAMA increased the number of shares it owns in 474 out of 493 investment positions, exiting 21 companies including Snapchat. The bank systematically scaled up its investments, particularly in major technology firms such as NVIDIA, Apple, Microsoft, and Amazon. Its investments in chip and digital industry companies were prominent, with significant increases in holdings in Micron Technology and NVIDIA, benefiting from the high demand for AI chips. SAMA reduced its holdings in sectors like finance, energy, and retail. Additionally, SAMA reallocated its investments among asset managers to enhance performance, while maintaining strong reserves to support the stability of the Saudi riyal and ensure liquidity. This strategy emphasizes diversification and risk reduction.
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