Saudi Arabia plans to return to global debt markets, as the Kingdom intends to sell $ 5 billion in bonds, to help cover its financing needs that have increased due to the decline in oil prices Over the past year.
Sources told Bloomberg News that the kingdom is on the verge of contracting with banks to sell the bonds early this month.
The sources added that no final decision has been made regarding the timing of the bond sale, and that the country may postpone the sale if market conditions deteriorate.
and the National Center for Debt Management in the Kingdom announced, in late December, that the financing plan for 2020 has been successfully completed, amounting to 220 billion riyals.
The Saudi Ministry of Finance expected, at an earlier time, that the total public debt of the Kingdom will reach 937 billion riyals at the end of 2021, compared to 854 billion riyals last year.
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