The Saudi Arabian authorities are planning to raise $8 billion in new debt amid the economic consequences of the conflict in the Middle East.
elchi reports that Bloomberg agency provided this information, citing sources.
The Kingdom’s National Debt Management Center has already begun searching for a suitable bank. According to the agency, Saudi Arabia’s national oil company, Saudi Aramco, is also in contact with banks to secure loans. It is noted that all discussions are in the preliminary stage and their continuation remains uncertain.
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