Saudi Arabian Monetary Agency
Kingdom of Saudi Arabia Saudi Arabian Monetary Agency Forty Sixth Annual Report The Latest Economic Developments 1431H (2010G) Research and Statistics Department SAUDI ARABIAN MONETARY AGENCY (SAMA) BOARD OF DIRECTORS 1. H.E. The Governor, Dr. Muhammad Al-Jasser Chairman 2. H.E. The Vice Governor, Dr. Abdulrahman Abdullah Al-Hamidy Vice Chairman 3. H.E. Mr. Abdulaziz Bin Zaid Al-Quraishi 4. H.E. Mr. Muhammad Obaid Bin Sa’eed Bin Zagar 5. H.E. Mr. Abdulaziz Bin Muhammad Al-Athel Saudi Arabian Monetary Agency — 46th Annual Report FOREWORD It gives me pleasure to present, in the name of the Board of Directors, the Forty-Sixth Annual Report of the Saudi Arabian Monetary Agency, which reviews latest developments witnessed by the Saudi economy during fiscal year 1430/31H (2009) and the first quarter of fiscal year 1431/32H (2010). The Report covers various areas of the domestic economy, including monetary developments, banking activity, capital market, prices, public finance, national accounts, foreign trade and balance of payments in addition to other productive sectors such as oil, industry, electricity, agriculture, water, transport, telecommunications and others. The Report also provides an overview of latest global economic and financial developments. The Report mainly relies on official data obtained from ministries, Government departments and public sector enterprises, in addition to a host of data issued by SAMA itself. I would like to thank all ministries and entities, whose names are indicated in the tables of the Report, for their cooperation in making available valuable information and data for the preparation of this Report. The Report gives full description of SAMA's functions such as conducting monetary policy and supervising commercial banks and cooperative insurance activity.
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