Debt list of Saudi Companies Comes to Half in 2020

The debt or money owed of groups indexed on Saudi Arabia’s Tadawul inventory exchange, except for actual property funds, improved with the aid of using forty-five percentage final 12 months as they borrowed to stand down the pandemic and took gain of low hobby charges.

Debt reached SR1.three trillion ($346 billion) on the cease of the fourth zone of 2020, up from SR899.2 billion a 12 months earlier, Al Eqtisadiah reported, mentioning statistics from the Tadawul and Saudi Capital Market Authority. On a quarterly basis, debt rose eight.1 percentage.

The debt-to-property ratio of the groups climbed to a file 21.four percentage from 15.eight on the cease of 2019, the statistics showed.

Saudi groups have stepped up bond income in current months because the Federal Reserve saved hobby charges close to filing lows.

Saudi Aramco the day before today stated it finished a $6 billion greenback Sukuk offering, which takes its bond issuance considering 2019 to $26 billion.

Debt reached SR1.three trillion ($346 billion) on the cease of the fourth zone of 2020, up from SR899.2 billion a 12 months earlier, Al Eqtisadiah reported, mentioning statistics from the Tadawul and Saudi Capital Market Authority. On a quarterly basis, it rose eight.1 percentage.

The debt-to-property ratio of the groups climbed to a file 21.four percentage from 15.eight on the cease of 2019, the statistics showed.

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