November 24, 2019 / 8:50 AM / 14 days ago

Saudi central bank says Aramco IPO not causing liquidity issues for banks

RIYADH, Nov 24 (Reuters) - Saudi Arabia’s central bank is monitoring banking indicators on a daily basis and is not seeing any impact on liquidity from oil giant Aramco’s initial public offering (IPO), its governor said on Sunday.

Saudi Arabian Monetary Authority governor Ahmed al-Kholifey told Reuters on the sidelines of a conference that he had no concerns about liquidity due to the size of Aramco’s IPO.

“We are monitoring all indicators on a daily basis and if there is any squeeze on liquidity, definitely we’ll be injecting liquidity but so far ... everything is assuring,” he said. (Reporting by Marwa Rashad; Writing by Saeed Azhar; Editing by Mark Potter)

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