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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
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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