Middle East Economic Survey
Saudi Aramco $4Bn Credit Facility Secures Lean Margins
Saudi Aramco announced on 27 November that it had renewed its $4bn revolving credit facility, securing extremely lean margins as would be expected given its strong credit profile. The $4bn comprises a $1bn 364-day facility, and a $3bn five-year revolving credit facility, half of which is provided in dollars with the other half denominated in Saudi riyals. The average...