07 Aug 2015
(MENAFN) Saudi Arabia plans to sell as much as USD5.3bn of debt on Monday as the Opec producer seeks to plug its budget deficit after oil prices plunged, two people familiar with the matter said.
The Saudi Arabian Monetary Authority is arranging the auction for August 10, The bonds will have tenors of five, seven and 10 years and will be placed with local banks, they said.
Opec’s biggest oil exporter plans to boost its debt market as the kingdom diversifies its ISD752bn economy amid falling crude prices, with income from oil accounting for more than 90% of revenue, a more than 50% drop in prices in the past 12 months.
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
26 Jan 2026
BBK Enhances Autumn Fair 2026 Experience with Customized Rewards and Premium Services
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more