Saudi Arabia Macroeconomic Developments
- S&P Global Rating has reaffirmed Saudi Arabia’s foreign and local currency sovereign credit ratings at ‘A/A-1’, maintaining a Stable Outlook.
- Saudi banks issued residential mortgage loans worth SAR7.54 billion ($2 billion) to individuals in January 2024, marking an 11-month high according to data issued by SAMA.
- The total value of credit facilities extended by the Saudi Export-Import Bank in 2023 reached SAR16.5 billion ($4.39 billion), exceeding the annual target by 33 percent.
