Saudi Aramco has signed a loan deal worth $10 billion| glObserver Global Economics


Saudi Aramco has signed a loan transaction worth $10 billion (9.2 billion euros) with 27 regional and international banks to maintain financial flexibility, the energy giant said on Monday.

Source: globserver.cn

e national-owned firm said the initial loan is worth $7 billion in US dollars while the second is a $3-billion Islamic loan in Saudi riyals in a revolving credit agreement.

This means the cash will only be taken up at the same time as the company needs it.

See on Scoop.itglobserver middle east

Author: globserver

Director of Eyecom china

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