Saudi Arabia's net foreign direct investment rose by 5.6% in the first quarter of 2024. Additionally, the country's net foreign assets reached an 18-month high in May, driven by a significant dividend payout from Aramco. In May, Aramco paid over $25 billion in dividends to the Saudi government, contributing to an increase in Saudi foreign-exchange reserves, which rose to $445 billion, up by $21 billion from the previous month.
Saudi foreign-exchange reserves: • Rose to $445 bn in May • Up by $21 bn compared with the previous month • Coincided with $25 bn Aramco dividend to govt https://t.co/4tV7VJnGNA https://t.co/YFPBPBgV9A
Major Gulf bourses track oil prices higher https://t.co/9juP0O1mSx https://t.co/aBU3hgoN1p
Saudi Reserves Jump to 18-Month High Thanks to Aramco Dividends Aramco paid out more than $25 billion to government in May Saudi government receives lion’s share of Aramco dividends #oott https://t.co/Z4b3ycqYg8
Saudi Arabia's net foreign assets rose to the highest in 18 months as Aramco paid out more than $25 billion in dividends to the government. https://t.co/RuMBJh58yL
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Saudi Arabia's net foreign direct investment rises 5.6% in first quarter https://t.co/q7iRGEhDgn https://t.co/cEDhISQS65
⚠️ SAUDI ARABIA'S NET FOREIGN DIRECT INVESTMENT RISES 5.6% IN FIRST QUARTER Full Story → https://t.co/ocZujZ700Y https://t.co/dOkpFEzwZh