Saudi Arabia’s holdings in US treasuries increased for the eighth consecutive month in March, reaching $135.9 billion, a rise of 3.66 per cent compared to the previous month.
According to official data released by Washington, the kingdom was ranked 17th among the largest investors in such financial instruments in March.
The report noted that Saudi Arabia’s holdings of US Treasuries were distributed among long-term bonds worth $107.3bn, representing 79pc of the total.
On the other hand, the kingdom’s short-term bonds were worth $28.6bn in March, accounting for 21pc of the total value.
In February, the kingdom’s holdings in US treasuries stood at $131.1bn, compared to $133.5bn in January and $132bn in December.
The data suggested that Japan was the largest investor in US treasury bonds in March, with holdings totaling $1.18 trillion, representing a rise of 1.16pc from February.
China and the UK followed, with portfolios valued at $767.4bn and $728.1bn, respectively.
Luxembourg and Canada were ranked in the fourth and fifth spots, with treasury holdings amounting to $399.3bn and $359.1bn, respectively.
Ireland secured the sixth rank in the list with holdings of $317.8bn, closely followed by Belgium with portfolios worth $317.1bn.
The Cayman Islands came in the eighth position with treasury reserves worth $302.9bn, followed by France and Switzerland, with assets amounting to $283.1bn and $262.9bn, respectively.
Taiwan was ranked 11th on the list, with treasury holdings worth $259bn.
India came in the 12th spot with assets amounting to $240.6bn, followed by Brazil and Singapore, which had holdings worth $227.1bn and $208bn, respectively.
Earlier this month, a report released by the Saudi Central Bank, also known as SAMA, revealed that international reserve assets declined by 2pc in April to 1.66trn riyals ($440bn) compared to the previous month.
However, the kingdom’s foreign reserve assets jumped 3pc in April compared to the same period of the previous year.
&uuid=(email))