24 Hrs
Source:
الاقتصادية
Saudi Central Bank focuses on US stocks via AI sector
The article focused on the expansion of the Saudi Central Bank ("SAMA") investments in U.S. stocks during the second quarter of 2026. Its portfolio increased by 61.4%, reaching $7.63 billion, with a significant expansion in the number of shares held. This included acquisitions across hundreds of companies, especially in the technology sector, with notable increases in shares of companies like Nvidia, Apple, Microsoft, and Amazon. Micron Technology's shares, in particular, rose to $438 million, representing the bank's largest investment position. The increase was concentrated in AI and infrastructure companies, with expanded investments in firms such as Total Energies and SpaceX. Disclosures also showed that the bank reshuffled its asset management, withdrawing billions of dollars from some managers, while maintaining diversification and liquidity. It continued to bolster its foreign reserves to support the peg of the riyal to the dollar, strategically aiming to strengthen its influence in the American market.
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