Saudi Arabia’s net foreign assets fell to 1.538 trillion riyals ($410 billion) in April, the lowest since January 2010, even as the government forecasts a second annual budget surplus this year.
Foreign reserves fell from 1.572 trillion riyals the previous month, according to the central bank’s monthly report published on Sunday. It’s the fifth month that reserves have declined, the longest falling streak since early 2019.
Read More : Saudi Arabia’s Net Reserves Plummet to $410 Billion, Hitting Lowest Level Since 2010