Saudi Arabia sees fall in foreign assets

According to the central bank, the net foreign assets level in Saudi Arabia fell sharply in October.

Preliminary data for October showed that foreign assets fell by $13.7 billion from the previous month to $406.35 billion.

The data continues a downward trend for overseas assets in the kingdom. 

Net foreign assets are down 8.7% year-on-year for the same month of the previous year.

However, there was more positive news from the Saudi exchange or Tadawul, which reported that international investors had poured $3.7 billion in the first two weeks of November as foreign ownership in 111 listed Saudi companies increased.

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