About the company > News and mailing > Jurisdictions news > Is Saudi Arabia getting off the "oil needle"?
Is Saudi Arabia getting off the "oil needle"?
10.01.2024
Saudi Arabia has placed $12 billion in dollar bonds. It was the kingdom's biggest release since 2017.
The bond placement deal included several tranches of securities for different periods: until 2030, 2034 and 2050. Investors have applied for $30 billion.
Saudi Arabia is increasing its borrowing to fulfill its plans to reduce the economy's dependence on oil revenues under Crown Prince Mohammed bin Salman. Among the measures are the construction of the futuristic city of Neom with air cars, robots and a giant artificial moon, as well as active investments in sports.
Link to source: https://www.wsj.com/livecoverage/stock-market-today-dow-jones-01-09-2024/card/saudi-arabia-issues-12-billion-in-dollar-bonds-Hw8srvYKkxDCbUgwaxcL?mod=lctimeline_finance
The bond placement deal included several tranches of securities for different periods: until 2030, 2034 and 2050. Investors have applied for $30 billion.
Saudi Arabia is increasing its borrowing to fulfill its plans to reduce the economy's dependence on oil revenues under Crown Prince Mohammed bin Salman. Among the measures are the construction of the futuristic city of Neom with air cars, robots and a giant artificial moon, as well as active investments in sports.
Link to source: https://www.wsj.com/livecoverage/stock-market-today-dow-jones-01-09-2024/card/saudi-arabia-issues-12-billion-in-dollar-bonds-Hw8srvYKkxDCbUgwaxcL?mod=lctimeline_finance
Quickly and confidentially.
A qualified expert will give you a free consultation by telephone, help to determine the position and make an appointment at any time that suits you.
Call just now by phone: +44 203 608 22 48
E-mail us: london@hbcomp.co.uk
News
08/23/2024 16:32:00
Work permit in France under new rules
A new immigration law in France aimed at tightening the rules for f ...
08/22/2024 16:31:00
The "Golden visa" in the UAE becomes gold
For professionals working in the United Arab Emirates (UAE) who wis ...
08/19/2024 13:09:00
In the UK, the issuance of visas to migrants is reduced
The latest UK government data shows a reduction in the number of w ...