Saudi banks boost bond holdings by 22.78B riyals
Saudi banks' investments in government and quasi-government bonds increased by 6.07% year-on-year during the first eight months of 2026, amounting to 38.67 billion riyals, bringing the total to 676.04 billion riyals by the end of August. Additionally, the value of these investments has risen by 22.78 billion riyals since the start of the year, now representing 70.93% of the banks' total liabilities to the public sector, which reached 953.07 billion riyals by the end of August. Data indicates that Saudi banks are increasingly turning to purchasing government bonds to fund budget deficits and support liquidity, with their investments showing significant growth and stability in the Saudi financial market.
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