Sunday 01/February/2026 – 03:30 AM
The price of the Saudi riyal stabilized against the pound in banks today, Sunday, February 1, 2026, as… The Saudi currency was preserved at levels recorded recently in the banking sector.
The price of the Saudi riyal against the pound
Abu Dhabi Islamic Bank recorded the highest purchase price of the riyal at 12.54 pounds, while Cairo Bank and Abu Dhabi Islamic Bank provided the highest selling price at 12.57 pounds, at a time when the market is witnessing a state of balance between supply and demand coinciding with the stability of overall monetary indicators.
Purchasing prices in major banks such as Al Ahli Bank of Kuwait, Next Bank, and Arab International Bank ranged between 12.48 and 12.51 pounds, while selling prices settled below the level of 12.60 pounds in most banking outlets.
A jump in foreign assets and reserves exceeds $51 billion
The stability of the exchange rate comes in light of positive data revealed by the Central Bank, which showed strong growth in its net foreign assets to reach $13.3 billion by the end of December 2025, compared to about $11.88 billion in the previous November.
This increase reflects a tangible improvement in the banking system’s ability to absorb external shocks and enhance the creditworthiness of the local currency against a basket of international and Arab currencies.
Egypt’s net international reserves also recorded a qualitative leap, rising by more than one billion dollars in just one month, to reach 51.451 billion dollars by the end of 2025.
