Saudi Arabia's Finance Minister Mohammed al-Jadaan
Saudi Arabia expects borrowing around 45 billion riyals in 2023
Saudi finance minister approves the 2023 annual borrowing plan and a domestic sukuk issuance calendar.
Wednesday 25/01/2023
Saudi Arabia's Finance Minister Mohammed al-Jadaan
DUBAI - Saudi Arabia expects its financing needs to be around 45 billion riyals ($12 billion) this year, the National Debt Management Center said on Wednesday.
Saudi Arabia's finance minister approved the 2023 annual borrowing plan and a domestic sukuk issuance calendar, NDMC said in a statement. Saudi Arabia raised about 48 billion riyals for 2023 financing needs in pre-funding transactions in 2022, it added.