Saudi Arabia increased its holdings of US Treasury securities to $134.4 billion in October, maintaining its position among the world’s largest foreign holders, official data showed.
Holdings were up 0.07 per cent from September, when they stood at $134.3bn, according to data released by the US Treasury Department. The kingdom’s portfolio had totalled $133.1bn in August and $131.7bn in July.
Saudi Arabia ranked 18th globally among foreign holders of US Treasuries during the month. Compared with January, its holdings were 5.91pc higher, reflecting a gradual increase through the year.
The kingdom and other countries invest in these bonds for their safety, diversification benefits and alignment with their economic relationships with the US.
The allocation underscores Saudi Arabia’s preference for longer-dated US government debt as part of its foreign reserve strategy, focused on capital preservation, liquidity and diversification amid global market volatility.
The holdings included long-term bonds worth $106.3bn, accounting for 79pc of the total.
Short-term holdings stood at $28bn, representing the remaining 21pc.
In October, the UAE’s holdings of US Treasuries stood at $110.7bn, placing the Emirates 20th on the list of major holders.
According to the report, Japan remained the largest foreign holder of US Treasury securities, totalling $1.20 trillion, up 1.69pc from the previous month.
The UK ranked second with $877.9bn, marking a 1.52pc increase compared with September.
China’s holdings stood at $688.7bn, followed by Belgium at $468.4bn, Canada at $419.1bn, and Luxembourg at $419bn.
The Cayman Islands ranked seventh with holdings of $418.5bn, while France and Ireland placed eighth and ninth with portfolios valued at $390.2bn and $340.4bn, respectively.
Taiwan ranked 10th with US Treasury holdings worth $309.5bn.
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