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Saudi banks boost bond holdings by 17.7B riyals
Saudi banks' investments in government and quasi-government bonds increased during the first seven months of 2026 by 17.7 billion riyals, registering a growth of 2.7% compared to the end of 2025, reaching approximately 670.98 billion riyals by the end of July. These investments are significant for financing the fiscal deficit, accounting for 71.03% of the total liabilities of the banking sector to the government as of the end of July. Additionally, banks' liabilities to the public sector rose by 9.8%, reflecting the banks' strengthened investments in government debt instruments as part of their financing strategy.
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