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Investor Relations
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FinancialNews
28-09-21
Saudi Arabia hires banks to counsel it on sustainability financing framework
(MENAFN)Alsharq news quoted the head of the Saudi national debt office Hani Al-Medaini as saying that Saudi Arabia is SR24 billion (USD6.4 billion) short of its borrowing plan for 2021 and bearing in mind issuing more green bonds.
Al-Medaini further declared that the Kingdom is aiming to increase SR124 billion and it handled to get SR100 billion of that till the end of the previous month.
The government is going to consider financing supported by export credit agencies, in addition to conventional and Islamic bonds — known as sukuk.
The Gulf witnessed a flow of interest in environmental, social and governance-related initiatives and agreements amid increased knowledge among global investors about such risks.
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