It is known that Saudi Arabia has sought some $8 billion in loans to deal with the financial pressures of the war

ON 31 AUGUST, INFORMED SOURCES REVEALED THAT SAUDI ARABIA WAS CONDUCTING PRELIMINARY CONSULTATIONS ON RAISING AT LEAST $8 BILLION IN NEW LOANS. AS THE ECONOMIC IMPACT OF THE WAR IN IRAN CONTINUES, SAUDI ARABIA IS INCREASING ITS EFFORTS TO BROADEN ITS ACCESS TO FINANCE. ACCORDING TO THE SOURCE, THE SAUDI NATIONAL DEBT MANAGEMENT CENTRE (NDMC) HAS BEGUN CONSULTATIONS WITH BANKS ON POTENTIAL LOAN TRANSACTIONS. ACCORDING TO SOME OF THE SOURCES, SAUDI ARABIAN OIL GIANTS IN SAUDI ARABIA ARE CONDUCTING SIMILAR CONSULTATIONS WITH BANKS, ALTHOUGH BOTH POTENTIAL TRANSACTIONS ARE AT AN EARLY STAGE AND MAY ULTIMATELY NOT BE POSSIBLE. KIM XIAN