#National Development Fund

Saudi Arabia’s foreign reserves plunge to 2009 low

Saudi foreign reserves plunge by most since pandemic to 2009 low

The decline in July was the biggest since the government transferred $40bn to its wealth fund from the central bank to invest abroad

US Treasuries

Saudi Arabia’s holdings of US Treasuries at six-year low

The kingdom in June sold more than $3bn in US government debt, offloading the securities for a third consecutive month

Saudi Arabia disburses $8bn

Saudi Arabia’s National Development Fund disburses over $8bn in financing

The Saudi Industrial Development Fund supported over 100 beneficiaries through the industrial fund’s academic and advisory programmes