Saudi Arabias foreign assets to reach SR19 trillion by year end | A1SaudiArabia.com

Saudi Arabias foreign assets are forecast to reach a new peak of SR1.9 trillion at the end of 2011, the National Commercial Bank (NCB) said.

The sustained strong oil prices coupled with higher crude output pushed the Kingdoms foreign assets to a record high of more than SR1.8 trillion at the end of May this year.

The bank said the country boosted supply to one of its highest levels of 9.4 million bpd to offset Libyas supply disruption.

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