Thursday, 22 August 2019 01:34 GMT

Saudi Arabia to consider USD10bn loan increase

(MENAFN) Sources reported Saudi Arabia to be looking into the option of growing the size of a $10 billion loan following a proposal from banks on the 2016 deal make an additional loan.

Lenders are reportedly discussing with the government the possibility to add up to its loan, while also discussing the preparation for new bilateral or club facilities with the banks.

Saudi Arabia might add to the loan as much as $5 billion, while closing decisions are yet to be reached with the possibility of talks to end up without a new deal, as reported by sources.


Saudi Arabia to consider USD10bn loan increase


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