By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Gulf PressGulf Press
  • Home
  • Gulf News
    • Saudi Arabia
    • UAE24/7
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • World
  • Business
    • Market DataLive
    • Finance
    • Economy
    • Energy
    • Crypto
    • ForexHot
    • Tech
  • Sports
  • Lifestyle
  • Videos
Search
Countries
  • Saudi Arabia
  • UAE
  • Kuwait
  • Qatar
  • Bahrain
  • Oman
More Topics
  • Technology
  • Health
  • Entertainment
  • Crypto
  • Forex
  • Stocks
Site Links
  • Business Hub
  • Trending
  • Weather
  • Customize Interests
  • Bookmarks
  • Newsletter
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Reading: Saudi Arabia has obtained a $2.5 billion Shariah-compliant revolving credit facility
Share
Notification Show More
Latest News
The Myriad Redefines Student Living for a Mobile, Urban Generation
UAE
L’Oréal Paris Welcomes Yasmine Sabri as New Brand Ambassador for the Middle East
Lifestyle
Roland Garros 2025: A New Era of Viewing, A Tribute to Legends, and Moments to Remember
Sports World
Bitget Celebrates Bitcoin Pizza Day by Distributing Over 5000 Pizzas in Over 20 Cities Worldwide
Crypto
Bitget Protection Fund Maintains Strength with $561 Million Average Value in April 2025
Business Crypto
Aa
Gulf PressGulf Press
Aa
  • Gulf News
  • World
  • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Videos
Search
  • Home
    • Videos
    • Business Hub
    • Trending
  • Gulf
    • Saudi Arabia
    • UAE
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • Business
    • Market Data
    • Crypto
    • Economy
    • Energy
    • Finance
    • Forex
    • Tech
  • More News
    • World
    • Lifestyle
    • Entertainment
    • Sports
Have an existing account? Sign In
Follow US
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Gulf Press > Gulf > Saudi Arabia > Saudi Arabia has obtained a $2.5 billion Shariah-compliant revolving credit facility
Saudi Arabia

Saudi Arabia has obtained a $2.5 billion Shariah-compliant revolving credit facility

News Room
Last updated: 2025/01/02 at 6:18 PM
News Room
Share
3 Min Read
SHARE

The National Debt Management Center (NDMC) has recently announced the arrangement of a Shariah-compliant revolving credit facility worth a staggering $2.5 billion, which is equivalent to SR9.4 billion. This three-year facility has been specifically designed to cater to the Kingdom of Saudi Arabia’s general budgetary needs. The arrangement of this facility involved the participation of three regional and international financial institutions, showcasing the support and confidence of the financial sector in the Kingdom’s economy.

This significant arrangement aligns perfectly with Saudi Arabia’s medium-term public debt strategy, which primarily focuses on diversifying funding sources in order to meet financing requirements at competitive rates. By securing this revolving credit facility, the Kingdom has taken a proactive step towards ensuring financial stability and resilience in the face of economic challenges. The strategy operates within well-defined risk management frameworks and strictly follows the Kingdom’s approved annual borrowing plan.

The Shariah-compliant nature of this revolving credit facility is also worth noting, as it reflects the Kingdom’s commitment to Islamic finance principles. By adhering to Shariah principles, Saudi Arabia is not only attracting Islamic investors but also promoting ethical financial practices that are in line with the country’s cultural and religious values. This move signals a strong sense of responsibility towards managing the Kingdom’s finances in a transparent and ethical manner while also fostering trust and confidence in the financial markets.

The participation of three regional and international financial institutions in arranging this credit facility is a testament to Saudi Arabia’s strong standing in the global financial landscape. It showcases the trust and confidence that these institutions have in the Kingdom’s economic stability and growth potential. The collaboration between local and international financial institutions also highlights the importance of partnerships and collaborations in achieving mutually beneficial goals in the financial sector.

The announcement of this significant credit facility comes at a crucial time when the global economy is facing uncertainties and challenges. By proactively securing funding for its general budgetary needs, Saudi Arabia is positioning itself as a stable and reliable player in the international financial markets. This move not only showcases the Kingdom’s proactive approach towards managing its finances but also demonstrates its commitment to ensuring financial sustainability and resilience in the long run.

In conclusion, the arrangement of a Shariah-compliant revolving credit facility worth $2.5 billion is a significant milestone for Saudi Arabia’s financial sector. This strategic move reflects the Kingdom’s commitment to diversifying funding sources, managing risks effectively, and promoting ethical financial practices. By securing this credit facility with the participation of regional and international financial institutions, Saudi Arabia is not only strengthening its economic stability but also enhancing its reputation as a reliable and trustworthy player in the global financial landscape.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
News Room January 2, 2025
Share this Article
Facebook Twitter Copy Link Print
Previous Article GBP/USD Forecast: 2024 Low Under Siege due to Risk Aversion
Next Article Comparison of vape consumption in Europe
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
56.4k Followers Follow
136k Subscribers Subscribe
- Advertisement -
Ad imageAd image

Latest News

The Myriad Redefines Student Living for a Mobile, Urban Generation
UAE May 27, 2025
L’Oréal Paris Welcomes Yasmine Sabri as New Brand Ambassador for the Middle East
Lifestyle May 23, 2025
Roland Garros 2025: A New Era of Viewing, A Tribute to Legends, and Moments to Remember
Sports World May 22, 2025
Bitget Celebrates Bitcoin Pizza Day by Distributing Over 5000 Pizzas in Over 20 Cities Worldwide
Crypto May 22, 2025

You Might also Like

Saudi Arabia

PIF introduces $7 billion Murabaha Credit Facility for the first time

January 6, 2025
Saudi Arabia

Annual borrowing plan estimates projected funding needs to reach SR139 billion by 2025

January 5, 2025
Saudi Arabia

KSrelief delegation visits Syrian hospitals and meets with UNHCR officials.

January 5, 2025
Saudi Arabia

NMC forecasts heavy rain in Jeddah, red alert issued for Monday

January 5, 2025
Saudi Arabia

Riyadh Emir leads funeral prayer for mother of Prince Al-Waleed bin Talal

January 5, 2025
Saudi Arabia

GASTAT: Average Daily Water Consumption per Person Decreases by 10% to 102 Liters in 2023

January 5, 2025
Saudi Arabia

KSrelief delegation conducts on-site visits to hospitals in Syria to evaluate essential requirements

January 5, 2025
Saudi Arabia

60 trucks cross into Jordan in the first convoy of Saudi Relief Land Bridge for Syria

January 5, 2025
//

Gulf Press is your one-stop website for the latest news and updates about Arabian Gulf and the world, follow us now to get the news that matters to you.

Quick Link

  • Privacy Policy
  • Terms of ue
  • Advertise
  • Contact

How Topics

  • Gulf News
  • International
  • Business
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our latest news instantly!

I have read and agree to the terms & conditions
Gulf PressGulf Press
Follow US

© 2023 Gulf Press. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?