The National Debt Management Center (NDMC) announces the completion of arranging an USD 11 billion syndicated international loan, as part of the Kingdom's medium-term public debt strategy to diversify funding sources and meet financing needs at fair pricing over the medium- and long-term, in line with an acceptable level of risk. According to the approved annual borrowing plan, this transaction aims to seize market opportunities to execute alternative government financing operations that support economic growth, including funding developmental projects and infrastructure initiatives aligned with Vision 2030.
The arrangement of this $11 billion syndicated international loan, with a ten-year tenor and the participation of 14 leading financial institutions from Asia, the Middle East, Europe, and the United States, serves as a clear testament to the broad international interest in and strong confidence in Vision 2030 and the Kingdom's high economic resilience.
the successful execution of this syndicated loan underscores the Kingdom's proactive approach in securing financial resources that drive economic growth and diversification.