RIYADH: Saudi Arabia’s holdings of US treasury bonds rose to $136.3 billion in May, up from $111.3 billion in the same month of 2023, marking a 22.46% year-on-year increase.
Data released by the US Treasury Department places Saudi Arabia in 17th position among the largest investors in US treasury bonds as of May. The Kingdom’s bond holdings were valued at $135.4 billion in April, $135.9 billion in March, and $131.1 billion in February.
These figures underscore Saudi Arabia’s growing influence in international financial markets and its strategic use of sovereign wealth to bolster its global economic stance.
Notably, Saudi Arabia is the only Arab and Middle Eastern country among the top 20 major holders of US Treasury securities. A report by the Saudi Central Bank (SAMA) in January revealed that its investments in foreign securities reached $1 trillion by the end of December 2023. SAMA also reported $361.75 billion in deposits…
