NDMC secures $13B in syndicated international loan

09:15 AM (Mecca time) Argaam
NDMC said the loan falls within the Kingdom’s medium-term public debt strategy, which seeks to diversify funding sources

NDMC said the loan falls within the Kingdom’s medium-term public debt strategy, which seeks to diversify funding sources

The National Debt Management Center (NDMC) announced the completion of a seven-year syndicated international loan worth $13 billion (SAR 48.75 billion) to support energy, water, and public utilities projects.

 

NDMC said in a statement that the loan falls within the Kingdom’s medium-term public debt strategy, which seeks to diversify funding sources to meet financing needs at fair pricing over the medium and long term, within well-defined risk management frameworks.

 

The transaction aims to capitalize on market opportunities to execute alternative government financing operations, thereby supporting economic growth, including the financing of development projects and infrastructure projects linked to Saudi Vision 2030, it added.

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