Governor of SAMA holds press conference on latest economic,

SPA - On the Saudi investments abroad, he said assets are in a safe
situation and conservatively being run and that "we are keen to get
benefits without posing them to risks".

Among the advantages of the crisis are the global reduction
of inflation, and retreat of demand for commodities, materials and
equipment which have their impact on the local market.
Concluding his statement, Al-Sayyari said no fear and no
withdrawal of deposits as there is high confidence in the banking
situation.

He cited the Supreme Economic Council's recent report on the
economic and financial situations.
He estimated growth in the non-oil sector at between 5 and 6
percent, noting IMF's expectations that growth in under developing
countries will be good and that growth in the GCC countries will be
better.
Al-Sayyari predicted that growth will continue for next year also.
He said control over branches of foreign banks in Saudi
Arabia is the same exercised by local banks.