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FinancialNews


  • 19-06-21

    Debts of companies on Saudi Arabia’s Tadawul increase 45 percent in 2020

    (MENAFN)The debts of companies listed on Saudi Arabia’s Tadawul stock exchange, excluding real estate funds, improved by 45 percent in 2021 as they took a loan to face down the pandemic and benefited of low interest volumes.

    According to Al Eqtisadiah, quoting from the Tadawul and Saudi Capital Market Authority, at the end of the fourth quarter of 2020 debt stood at SR1.3 trillion (USD346 billion) increased from SR899.2 on a quarterly basis, debt increased 8.1 percent.

    It further declared that the debt-to-assets ratio of the companies increased to a record 21.4 percent from 15.8 two years ago.

    Saudi companies have boosted bond sales in latest months as the Federal Reserve kept interest volumes near record lows.

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