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FINANCIAL NEWS
Saudi Arabia ready to sell its first bonds
21 May 2016
(MENAFN) Saudi Arabia is preparing to sell its first bonds in the global market as it plans foreign financing to plug its budget deficit.
Furthermore, the kingdom sent invitations to banks in order to arrange the sale, while it predicts an issue of a notable amount.
In addition, Saudi Arabia will join other nations from the six-nation Gulf Cooperation Council (GCC) to bridge the USD 900bn fiscal shortage.
Meanwhile, Abu Dhabi raised USD 5bn in a Eurobond sale last month and Qatar is meeting investors this week before another deal.
More News
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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