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Saudi Arabia Studies Issuing New Bonds to Finance its Projects

Dubai – Masaader News

Saudi Minister of finance Mohamed Al-Jadaan said that the Public Investment Fund is considering issuing new bonds to support Saudi various investments.

Al-Jadaan added that the trend to the international market is one of the options which are available this year, along with the issuance of a supplementary loan to implement project which the Saudi fund seeks to support its investments, especially in the sectors of technology, tourism and entertainment.

Saudi Arabia plans to issue 118 billion riyals ($31.47 billion) in debt this year to help finance the national budget deficit, the country’s Debt Management Office (DMO), part of the ministry of finance.

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