Table 3: Breakdown of Saudi Arabia Net International Investment Position (US$bn) 2007 2008 2009 2010 2011 2012 2013 2014 2015 Net International Investment Position 380 471 435 479 585 685 763 792 703 % of GDP 91 91 101 91 87 =—s «93 103 105 108 Net Foreign assets (excluding SAMA) 74 28 24 34 41 28 ay 59 87 % of GDP 18 5 6 6 6 4 i] 8 13 Assets 495 631 636 708 824 936 1,028 1,069 993 Non-reserve assets 190 188 226 262 280 279 302 337-376 by holder: Investment funds t 4 4 5 5 5 6 8 7 Commercial banks 39 41 56 52 56 57 56 67 84 Public Investment Fund (PIF) foreign investment 1 2 2 4 4 5 4 4 4 Saudi Fund for Development (SFD) cumulative loan disbursements 6 6 6 7 7 7 8 8 - Public Pension Agency (PPA) and General Organization for Social Insurance (GOSI) net foreign assets - 49 - - - 98 112 - - of which, managed by SAMA (e) 43 48 54 59 65 69 15 80 = 78 PPA net foreign assets - 24 - - - 63 72 - - GOS] net foreign assets - 25 - - - 35 40 - - Development funds and other government (exc. PPA/GOSI) entities’ foreign assets managed by SAMA (e) 15 17 18 20 22 23 25 27 26 Other - 69 - - - 85 92 - - by instrument: Direct investment abroad 17 20 23 27 30 34 39 45 63 Portfolio investment 105 99 122 146 158 168 178 199 202 Equity securities 53 50 59 79 82 = 92 99 111. 109 Debt securities 52 48 63 68 #77 75 79 88 94 Other investment 68 69 82 90 92 77 85 93 111 Loans 3 4 4 3 3 2 2 1 1 Currency and deposits 55 63 73 76 78 69 76 85 105 Other assets 10 3 5 11 11 6 Z 6 5 SAMA Reserve assets 306 443 410 445 544 657 726 732 = «616 Currency and deposits 93 132 111 117 148 197 191 187 204 Foreign securities 211 308 «286 315 380 444 519 532 400 Other assets 2 3 13 13 16 16 5 13 12 Liabilities “116 -160 -201 -228 -239 -251 -265 ~-278 -289 Direct investment in reporting economy 73-113 -148 «-176 «-187 -199 = -208-— -216 = -224 Portfolio investment 0 -3 4 4 6 -10 -17 17-17 Equity securities 0 0 0 0 0 9 -15 15-15 Debt securities 0 0 0 0 0 -1 -2 -2 -2 Other investment 42-44 49 -48 -46 = = -42 -40 45