NDMC arranges $2.5B revolving credit facility to fund general budget needs

The National Debt Management Center (NDMC) arranged a $2.5 billion (SAR 9.4 billion) Shariah-compliant revolving credit facility to finance the general budget needs. The facility, spanning three years, involved the participation of three regional and international financial institutions.

Arranging this credit facility aligns with the Kingdom's medium-term public debt strategy, which focuses on diversifying funding sources to meet financing requirements at competitive pricing while adhering to structured risk management frameworks, the NDMC said in a statement.

This initiative, in line with the approved annual borrowing plan, leverages market opportunities to execute alternative government financing operations aimed at enhancing economic growth, including funding development and infrastructure projects.