Saudi Kingdom to refinance USD11.5B of loans this year | MENAFN.COM

Wednesday, 18 May 2022 10:04 GMT

Saudi Kingdom to refinance USD11.5B of loans this year


(MENAFN) Saudi Arabia’s National Debt Management Center reported in an update, the nation’s funding obligation for the present year will basically concentrate on refinancing loans which makes up for around USD11.5 billion.

NDMC Board of Directors, led by the Minister of Finance, Mohammed Al-Jadaan, supported this year’s yearly borrowing proposal in its final conference as the update included.

The update included, “Based on market conditions throughout 2022 and while maintaining the current debt strategy, the government might consider additional tactical funding activities through the available funding channels, either domestically or internationally including debt capital markets and/or government alternative financing to fund opportunities that will promote economic growth such as capital expenditures and infrastructure financing.”

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