Domestic liquidity in Saudi Arabia, or the money supply, recorded annual growth by the end of November 2025, increasing by SAR 193.02 billion, equivalent to a 6.6% rise, to surpass SAR 3.138 trillion. This compares with approximately SAR 2.945 trillion during the same period in 2024, according to the Saudi Central Bank’s (SAMA) monthly statistical bulletin.
On a monthly basis, liquidity edged up by SAR 332.2 million, reflecting a modest 0.01% increase compared with the end of October 2025.
A breakdown of the broad money supply (M3) shows that demand deposits made up the largest portion, accounting for 45.2% of total liquidity, valued at around SAR 1.418 trillion. Time and savings deposits followed at SAR 1.170 trillion, representing 37.3% of the total. Other quasi-cash deposits, including residents’ foreign-currency deposits, deposits against letters of credit, outstanding transfers, and repurchase agreements (repos) with the private sector, amounted to SAR 310.311 billion (nearly 10%), while currency in circulation outside banks stood at SAR 239.524 billion, representing 8%.
For context, narrow money supply (M1) includes currency in circulation outside banks and demand deposits, M2 adds time and savings deposits to M1, and M3 is the broadest measure, incorporating quasi-cash deposits.
The growth in liquidity reflects continued expansion in the broad money supply, underscoring stability and resilience in Saudi Arabia’s financial system.
