Saudi Central Bank shifts global investments
The Saudi Central Bank (SAMA) has reaffirmed that it has reallocated its investments among global asset managers, withdrawing billions of dollars from at least two asset managers in recent months, and reinvesting part of it into higher-performing strategies, especially in fixed-income products that offer greater liquidity. These operations are part of routine reviews of the bank’s portfolios and reflect its commitment to diversification and increasing liquidity, amid efforts to bolster its foreign exchange reserves, which have reached an all-time high thanks to rising oil prices.
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