Bloomberg News Agency announced in a report on Monday that Saudi Arabia is in the early stages of negotiations to receive at least $ 8 billion in new loans; a move that follows the economic consequences of the war with Iran and at the same time as Riyadh's efforts to diversify its sources of financing.
Publish dateTuesday 1 September 2026 - 10:15
Story Code : 364357
Afghan Voice Agency (AVA): According to Bloomberg, the Saudi National Debt Management Center (NDMC) has begun examining the possibility of concluding this contract with banks. According to some of these sources, the state oil company Aramco has also begun similar negotiations with banks. Both deals are still in the early stages and may not ultimately come to fruition.
Saudi Arabia's efforts to attract new sources of financing are taking place at a time when the country and other Gulf countries are struggling with the economic consequences of the regional war. The war has also disrupted trade through the Strait of Hormuz, raising import costs and straining supply chains.
Yemen’s Ansarullah movement has also recently threatened shipping in the Red Sea, making it harder for Riyadh to bypass the Strait of Hormuz by shipping oil from the country’s west coast.
The Saudi economy suffered its sharpest contraction since the pandemic in the second quarter, with the attacks leading to a nearly 25% drop in oil sector activity. Despite higher oil prices helping to ease some of the financial pressure, the kingdom ran a budget deficit of 34.3 billion riyals ($9.1 billion) in the period.
The latest move by the Saudi National Debt Management Center comes after the institution announced in May that it had completed its annual borrowing plan. Saudi Arabia, one of the most active borrowers in emerging markets, has raised about $6 billion this year through domestic and international bonds, with Aramco raising another $4 billion. The country’s Public Investment Fund (PIF) also raised $7 billion in May in one of its first capital markets deals since the start of the war on Iran.
Saudi Arabia's efforts to attract new sources of financing are taking place at a time when the country and other Gulf countries are struggling with the economic consequences of the regional war. The war has also disrupted trade through the Strait of Hormuz, raising import costs and straining supply chains.
Yemen’s Ansarullah movement has also recently threatened shipping in the Red Sea, making it harder for Riyadh to bypass the Strait of Hormuz by shipping oil from the country’s west coast.
The Saudi economy suffered its sharpest contraction since the pandemic in the second quarter, with the attacks leading to a nearly 25% drop in oil sector activity. Despite higher oil prices helping to ease some of the financial pressure, the kingdom ran a budget deficit of 34.3 billion riyals ($9.1 billion) in the period.
The latest move by the Saudi National Debt Management Center comes after the institution announced in May that it had completed its annual borrowing plan. Saudi Arabia, one of the most active borrowers in emerging markets, has raised about $6 billion this year through domestic and international bonds, with Aramco raising another $4 billion. The country’s Public Investment Fund (PIF) also raised $7 billion in May in one of its first capital markets deals since the start of the war on Iran.
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