In January, Saudi Arabia's international reserves reached their highest level since 2022.

Saudi Arabia's international reserves reached their highest level since 2022 last month, benefiting from an increase in oil revenue and rising foreign debt issuance. According to data released by the Saudi central bank on Thursday evening, the country's net foreign exchange assets in January were around 1.7 trillion riyals, an increase of 3.6% from the previous month and nearly 10% from the same period last year. This growth was mainly driven by a significant increase in foreign exchange and overseas deposits. Overseas foreign exchange and deposits increased by 27% from the same period last year, reaching 678 billion riyals. Standard Chartered Bank analyst Badr Al-Sarraf said, "The increase in net foreign exchange assets and foreign reserves is mainly due to oil export revenue and government debt issuance through euro bonds." He also stated that sovereign activities carried out through the Public Investment Fund "may also be a factor, as the fund has invested heavily in foreign assets and projects."