Facility will refinance Saudi firms existing obligations
Saudi Arabias state-owned oil company Saudi Aramco is reportedly in talks with banks about a potential $10bn loan.
According to Bloomberg, the loan will be structured as a revolving credit facility and will be used for general business purposes.
It will replace an existing $4bn revolving facility the company has in place but has not drawn down on.
The deal is expected to close within the first quarter of this year.
Aramco is the worlds largest oil exporter and, in light of the decline in oil prices, has recently been reassessing where and how it will spend its money.
You might also like...
Iran-US talks see earnest engagement
27 February 2026
Kuwait receives bids for $400m Subiya utilities plant works
27 February 2026
A partner’s perspective on working with Sharakat
27 February 2026
Egypt’s Obelisk equity move merits attention
27 February 2026
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.
Take advantage of our introductory offers below for new subscribers and purchase your access today! If you are an existing client, please reach out to your account manager.
