Saudi Reserves Climb to Highest Since 2022 on Oil, Debt Sales

Saudi Arabia’s international reserves rose to the highest level since 2022 last month, boosted by increased oil revenues and elevated foreign-debt issuance.

The kingdom’s net foreign assets were almost 1.7 trillion riyals ($453 billion) in January, up 3.6% from the previous month and nearly 10% higher than a year earlier, according to data from the Saudi Central Bank released late Thursday.