Saudi Arabia’s holdings of US Treasury bonds increased to $136.3 billion in May, up from $111.3 billion in the same month of 2023, marking a 22.46% year-on-year rise. According to data released by the US Treasury Department, Saudi Arabia ranked 17th among the largest investors in these financial instruments.
The report indicated that the Kingdom’s bond holdings were valued at $135.4 billion in April, compared to $135.9 billion in March and $131.1 billion in February. This trend underscores Saudi Arabia’s growing influence in international financial markets and highlights its strategic use of sovereign wealth to enhance its global economic standing.
Saudi Arabia is the only Arab and Middle Eastern country among the top 20 major holders of US Treasury securities. A January report by the Saudi Central Bank (SAMA) revealed that its investments in foreign securities stood at $1 trillion at the end of December 2023. Additionally, SAMA has $361.75 billion as deposits with banks abroad.
Japan emerged as the largest investor in US bonds in May, holding $1.128 trillion, followed by China and the UK with portfolios valued at $768.3 billion and $723.4 billion, respectively. Luxembourg, Canada, and the Cayman Islands also featured prominently among the top investors.