Saudi Arabia plans to issue 118 billion riyals ($31.5 billion) in debt this year to help finance the national budget deficit, the country’s Debt Management Office, part of the ministry of finance, said in a statement.
Vast wealth and the promise of dramatic change make for cautious optimism concerning Saudi Arabia, the chief executive…304 Views | the publication reaches you by | Saudi Arabia Today
– said its foreign funding “would be positioned in a way in which (Saudi Arabia) could secure most of its funding in the first quarter”, to reduce exposure to market risks and to allow Saudi government-related issuers to tap the debt markets.
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