Saudi Arabia sees borrowing around $12 billion in 2023
- Date: 26-Jan-2023
- Source: Arab Weekly
- Sector:Oil & Gas
- Country:Saudi Arabia
Saudi Arabia sees borrowing around $12 billion in 2023
RIYADH–
Saudi Arabia, the world's top oil exporter, expects its financing needs to be around 45 billion riyals ($12 billion) this year after pre-funding a larger amount in 2022, the National Debt Management Centre said on Wednesday.
Saudi Finance Minister Mohammed al-Jadaan approved the 2023 annual borrowing plan as well as a domestic sukuk issuance calendar, NDMC said in a statement. The kingdom raised about 48 billion riyals for 2023 financing needs in pre-funding transactions in 2022, it added.
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