May saw a $136.3 billion increase in Saudi Arabia’s holdings of US Treasury notes, up from $111.3 billion in 2023.
The figures indicate an annual increase of 22.46 percent.
According to data from the US Treasury Department, Saudi Arabia was the seventeenth-largest investor in these kinds of financial products in May.
In April, the Kingdom had bonds worth $135.4 billion, down from $135.9 billion in March and $131.1 billion in February, according to the report.
The data shows how Saudi Arabia is becoming more and more influential in the global financial markets and how well it understands how to use its sovereign riches to protect and enhance its place in the world economy.
Moreover, of the top 20 significant holders of US Treasury securities, Saudi Arabia is the only nation from the Middle East and Arab world.
The Saudi Central Bank, often known as SAMA, reported in January that as of the end of December 2023, its holdings in foreign securities amounted to $1 trillion.
The study also stated that SAMA has $361.75 billion in deposits with foreign institutions.
Japan surpassed all other investors in US bonds in May, with holdings of $1.128 trillion, according to the data analysis. Following with portfolio values of $768.3 billion and $723.4 billion, respectively, were China and the UK.
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