08.03.2016 - Kingdom’s credit profile ‘fundamentally solid’
Saudi Arabian Monetary Agency’s (SAMA) foreign exchange reserves are estimate to reach $500 billion (SR1,874 billion) by the end of 2016, compared to $598 (SR2,241 billion) in January 2016, according to Jadwa Investment. “This is consistent with our view that the Kingdom will run a budget deficit of SR402 billion, a current account deficit of $72 billion, and total new debt issuance of SR120 billion,” Jadwa’s economic research team said in its latest Monetary and Financial Update...............................................Full Article: Source
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