Saudi Arabia's National Debt Management Center (NDMC) has announced the successful arrangement of a seven-year syndicated loan amounting to $13 billion, aimed at supporting power, water, and public utilities projects.
This transaction forms part of the Kingdom’s Medium-Term Debt Strategy, which seeks to diversify funding sources to meet financing needs at a fair cost over the medium to long term, within well-defined risk management frameworks, said a Saudi Press Agency report.
This transaction aims to leverage market opportunities to execute alternative government financing activities that contribute to economic growth, including the financing of development and infrastructure projects aligned with Saudi Vision 2030, it said.
