The Saudi Central Bank increased its US investments by 61.4% during the second quarter of 2026, reaching a total value of $7.63 billion. This represents an increase of approximately $2.9 billion compared to the end of March 2026. Consequently, the bank expanded its holdings in hundreds of companies, prioritizing technology and artificial intelligence.
Growth in US investments
According to a report by معلومات مباشر, the financial institution raised its holdings in 474 existing positions. Meanwhile, it maintained its stakes in other continuous positions without any reductions. However, the bank completely exited its positions in 21 companies, including Snap.
Focus on Artificial Intelligence and Technology
The investment strategy heavily favored companies specializing in artificial intelligence, semiconductors, and hardware. Specifically, the bank raised its holdings in Nvidia by 80% to 1.62 million shares, valued at $323 million. Furthermore, Apple holdings grew by 89% to over one million shares, representing a market value of $297 million.
In addition, the bank increased its shares in Microsoft, Amazon, Alphabet, and Broadcom by rates ranging between 80% and 91%. Micron Technology emerged as the largest single investment in the portfolio, reaching a value of $438 million. This growth was driven by rising demand for memory chips used in data centers.
Major Holdings and Portfolio Adjustments
Beyond technology, the central bank expanded its US investments into other sectors such as energy, financial services, and retail. For instance, it increased its holdings in Coca-Cola by 114% and Berkshire Hathaway by 92%. Notably, the bank’s investment in Booking.com recorded a significant increase of 4507% during this period.
The bank also established new positions during the second quarter of 2026. These included a $42.2 million investment in TotalEnergies and a $7 million position in Millicom International. Additionally, the bank acquired a stake in SpaceX valued at approximately $6.3 million.
Strategic Reallocation and Infrastructure
The expansion reflects a broader effort to align the kingdom’s financial assets with global technological shifts. By reallocating capital to US investments that support digital infrastructure, the bank aims to build a complete local tech sector. This strategy supports the national goals of Saudi Vision 2030.
Qaiser Noor, Chief Strategy Officer at RSM KSA, commented on the investment shift:
“The expansion of the Saudi Central Bank into artificial intelligence stocks reflects its desire to adjust its balance sheet to address one of the largest capital formation cycles in the modern era.”
Qaiser Noor, Chief Strategy Officer at RSM KSA
Noor also stated that the strategy extends beyond purchasing shares to building an integrated local tech sector. Consequently, the investments target companies that provide the necessary technologies and infrastructure to support this domestic growth.
