February 7, 2025
‎Saudi Arabia raises $11B syndicated loan to fund deficit: Report

The Kingdom of Saudi Arabia’s flag

Saudi Arabia raised a syndicated loan of $11 billion (SAR 41.25 billion) to fund a budget deficit, Bloomberg reported.

The 10-year loan was funded by a group of banks includingIndustrial and Commercial Bank of China, Citigroup Inc, First Abu Dhabi (FAB…
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