Saudi Liquidity Nears SAR3.3 Trillion by End-February

Liquidity in Saudi Arabia, measured by broad money supply (M3), rose to more than SAR3.289 trillion by the end of February, up 8.4% year on year.
 According to the Saudi Central Bank’s monthly bulletin, liquidity increased by SAR255.7 billion compared with SAR3.033 trillion in February 2025.
 It also rose month on month by SAR71.5 billion, or 2.2%, compared with January.
 The annual increase was driven by growth in key components. Time and savings deposits rose by SAR167.1 billion. Other quasi-money deposits increased by SAR60.6 billion.
 Demand deposits accounted for the largest share at 45.2%, totaling SAR1.488 trillion. Time and savings deposits made up 36.4%, reaching SAR1.198 trillion.
 Other quasi-money deposits stood at SAR354.3 billion, or 10.8%. Currency in circulation outside banks reached SAR248 billion, representing 7.5%.
 Quasi-money deposits include foreign currency deposits, deposits against letters of credit, outstanding transfers, and repurchase agreements with the private sector.
 M1 includes currency outside banks and demand deposits. M2 includes M1 plus time and savings deposits. M3, the broadest measure, adds other quasi-money deposits.