Saudi Arabia’s Net Foreign Assets Around $600bn At End 2011

Published on Friday, 27 Apr 11:27 am

For the first time, data on total foreign assets and liabilities of all components of Saudi Arabia (government, companies and individuals) has been published. It shows that their combined foreign assets grew rapidly in recent years to stand at $707bn at the end of 2010. With Saudi entities and individuals owning $213bn to foreigners, total net foreign assets stood at $494bn at the end of 2010, according to Jadwa, which also estimates that the Kingdom’s net foreign assets rose to almost $600bn at the end of 2011.

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