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MENAFN - 04/02/2013

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(MENAFN) The Saudi Arabian Monetary Agency (SAMA) stated that its assets hit a record high of USD661 billion at the end of last year from nearly USD547 billion in 2011, reported Emirates 24/7.

The increase of around USD114 billion was attributed to high revenue from oil sales.

The average price of oil surpassed USD110 per barrel in the year, whereas the country's crude production rose by almost 500,000 barrels per day (bpd) from 2011 to an average of 9.8 million bpd.

The growth in assets covered most components of the funds, as deposits with banks abroad rose to USD153.49 billion from USD110.24 billion, whereas investment in foreign securities increased to USD444 billion from USD380 billion.

 






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