Bahrain pushes ahead with Muharraq city redevelopment plan Halliburton wins multi-year Aramco gas development contract Saudi: Kent secures long-term deals with Aramco for future EPC projects Oman and Jordan launch $100mln investment firm Modon, ADIB introduce Abu Dhabi’s first off-plan home financing solutions Abu Dhabi launches maritime investment guide to attract global businesses Saudi Arabia inaugurates over 900km of roads to boost connectivity Gulftainer unveils $2bln global trade infrastructure strategy Saudi Arabia's trade surplus surges 60% to over $24bln in Q1 2026 UAE, Panama discuss boosting trade, investment, supply chains as part of 'UAE Trade Days' Sharjah Chamber registers 30,000 memberships in H1 Saudi tourism spending reaches record $81bln in 2025 Dubai's AMIS breaks ground on Jacob & Co.’s villa community; targets $10bln IPO in three years UAE's new government work model to deploy Agentic AI in public services Indonesia, Kuwait strengthen strategic energy partnership Kuwait unveils framework for 15-year residency for expat investors Riyadh Air takes off on first domestic route to Jeddah Bahrain issues laws to protect investments Qatar's Hamad Port sails into the world's top eight Kuwait air traffic returns to normal, flights resume QatarEnergy announces new oil discovery offshore Namibia UAE developer Alef launches $1.1bln mixed-use development in Sharjah ADNOC eyeing Canada upstream and LNG opportunities via XRG arm, executive says Dubai real estate deals in April surge to $18.7bln Saudi's SAMA mandates advance notification of investment rounds by financing companies Qatar maritime trade activity accelerates in May Oil steadies as uncertainty over US-Iran talks keeps markets on edge Qatar: Relatively hot daytime conditions expected, moderate night Dubai Centre for Family Businesses explores ways to strengthen business adaptability Saudi Crown Prince, UAE President discuss regional security and cooperation

Log in

عربي

Media Centre

Home » Media Centre

Saudi: Savings, time deposits exceed $253.06bln by end of 2024

Saudi: Savings, time deposits exceed $253.06bln by end of 2024

Saudi: Savings, time deposits exceed $253.06bln by end of 2024

Feb 24, 2025

Riyadh: Savings and time deposits in the Saudi banking system reached an all-time high of SAR949.708 billion by the end of 2024, recording an annual growth rate of 10 percent, with an increase of SAR85.638 billion compared to SAR864.069 billion at the end of 2023. At that time, savings and time deposits stood at approximately SAR698.436 billion.

These deposits accounted for 32.5 percent of the total broad money supply, which amounted to around SAR2.921 trillion.

According to the Saudi Central Bank’s statistical bulletin for December 2024, savings and time deposits grew by 0.3 percent quarter-on-quarter, increasing by SAR2.824 billion by the end of the fourth quarter, compared to SAR946.866 billion at the end of the third quarter of the same year.

From January to December 2024, savings and time deposits grew by 10 percent, rising by more than SAR85 billion. These deposits reached their highest monthly level by the end of November 2024, totaling SAR989.986 billion.

The average monthly balance for savings and time deposits in 2024 stood at approximately SAR908.268 billion.