Increase in Saudi Central Bank's Net Foreign Assets

Data from the Saudi Central Bank released today, Thursday, indicates that "the bank's net foreign assets increased by 11.73 billion dollars in November compared to the previous month." According to the data, net foreign assets rose to 1.568 trillion riyals (418.16 billion dollars) in November, up from 1.524 trillion riyals in October. Despite the increase from the previous month, net foreign assets decreased by 7.6 percent year-on-year, according to the data.