Dr. Ahmed Al-Khulaifi, Governor of the Saudi Arabian Monetary Agency (SAMA), explained that the institution has been following the developments of the United Kingdom's move to leave the European Union in order to hedge the impact it may have on the financial markets, noting that the institution reviewed its investment policy regarding assets denominated in euros and pounds sterling in light of economic and political developments and made some adjustments at the time.

Al-Khelaifi said that it is too early to judge the permanent impact of the United Kingdom's exit from the European Union, whether on its economy or on the economy of the European Union and thus on the financial and investment markets, but we expect the impact on the banking sector to be limited due to its limited exposure to these two currencies.

The banking sector is expected to be limited due to its limited exposure to these two currencies.