Middle East Economic Survey

VOL. LIII

No 38

20-Sep-2010

SAUDI ARABIA

Saudi Aramco In Talks With Banks To Renew $3Bn Credit Facility

Saudi Aramco plans to renew a revolving credit facility and is in talks with banks over the deal, which is worth $3bn, MEES learns. The facility will break new ground because Saudi banks will be able to provide commitments in Saudi Riyals, MEES further learns. Meetings were held with banks over the last couple of weeks in London and Riyadh. The original deal was...