Saudi Arabia renews $5.3 billion deposit at Egypt's central bank

Banking sources said Saudi Arabia agreed to renew a $5.3 billion deposit at Egypt's central bank for one year when it matured in late October.

• The Saudi deposit of $5.3 billion at the Egyptian central bank matured at the end of October.
• Banking sources said Saudi Arabia agreed to renew the deposit for one year, citing total Saudi deposits of about $10.3 billion.
• Central bank Governor Hassan Abdallah did not respond to queries on whether the deposit would be renewed or repaid.
• Kuwait holds $4 billion and Qatar about $4 billion in deposits, bringing Saudi, Kuwaiti and Qatari deposits with the central bank to $18.3 billion.