The price of the Saudi riyal stabilized today in Egypt against the pound on the morning of Monday, January 2, 2023, at the Central Bank and most commercial banks and money changers, after returning from a long vacation.
Today, Monday, banks will return to work after Sunday’s holiday, marking the end of the fiscal year on December 31.
The volume of Saudi investments in Egypt amounts to $32 billion through more than 6,800 Saudi companies, according to the latest report issued by the Federation of Saudi Chambers of Commerce.
The value of trade exchange between Egypt and Saudi Arabia increased to $9.1 billion during 2021, an increase of 62.1%, compared to 2020; The value of trade exchange between the two countries amounted to $5.6 billion, according to data from the Central Agency for Public Mobilization and Statistics in Egypt.
Saudi Arabia has pledged $10 billion in investments in sectors such as health care, education and agriculture. It has already acquired state-owned stakes in 4 Egyptian companies listed on the stock exchange for $1.3 billion and has deposited $5 billion in the country’s central bank, helping to ease Egypt’s financing needs next year by more than $35 billion.
Egypt currently has about $15 billion in medium and long-term Arab deposits in the Central Bank of Egypt, according to the latest data of the external situation report issued by the bank.
The price of the Saudi riyal against the Egyptian pound
The price of the Saudi riyal stabilized today in Egypt at the beginning of the Central Bank’s transactions, at the level of 6.56 pounds for purchase, and 6.59 pounds for sale.
The price of the Saudi riyal today in Egyptian banks
Abu Dhabi Islamic: 6.58 pounds for purchase – 6.58 pounds for sale
Egyptian Gulf: 6.55 pounds for purchase – 6.59 pounds for sale
Al-Ahly of Kuwait: 6.57 pounds for purchase – 6.58 pounds for sale
Alexandria: 6.56 pounds for purchase – 6.58 pounds for sale
The price of the Saudi riyal against the pound in the National Bank of Egypt
The price of the Saudi riyal remained during morning trading at the National Bank of Egypt; Stable at 6.55 pounds for buying, 6.57 pounds for selling.
The price of the Saudi riyal against the pound in Banque Misr today
The price of the Saudi riyal, in the morning of Banque Misr’s trading today, maintained its level at 6.55 pounds for purchase, and 6.57 pounds for sale.
The price of the Saudi riyal today in CIB Bank
The price of the Saudi riyal did not change at the beginning of the transactions of the Commercial International Bank (CIB) (the largest private bank in Egypt) today, to trade stable at 6.55 pounds for purchase and 6.59 pounds for sale.
The price of the riyal today in Egypt in exchange companies
The average price of the riyal today in exchange companies recorded about 6.57 pounds for purchase, and 6.59 pounds for sale.