RIYADH, May 22 (KUNA) -- Saudi Arabia recorded better-than-expected revenues in the first five months this year, finance minister Ibrahim Al-Assaf said Tuesday.
In a statement after the inauguration of the Saudi Euromoney conference, Al-Assaf said inflation in the Kingdom dropped to 5.3 percent.
Projected economic growth will be over six percent in line with International Monetary Fund's (IMF) estimates, said Al-Assaf.
The minister commended the growing issuance of Sukuk (bonds) in Saudi Arabia, which was facing growing domestic demands.
Euromoney conference discusses economic growth and stability. (end) od.bs KUNA 222046 May 12NNNN
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