Saudi Arabia looks to refinance $10bn syndicated loan, say sources

Saudi Arabia is working with HSBC, JPMorgan and Mitsubishi UFJ Financial Group on the refinancing of its existing $10bn syndicated loan, said banking sources familiar with the matter.

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Saudi shops accused of increasing prices due to change shortage

Shops in Saudi Arabia are reportedly increasing prices to avoid having to handover small change to consumers following the introduction of value added tax.

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Saudi Arabia asks banks for proposals to refinance $10bn loan, raise more debt

Saudi Arabia has asked banks for proposals to refinance its $10bn international syndicated loan and to help the sovereign raise funds through other means, the country’s debt management office said on Sunday.

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Saudi Arabia steps up efforts to end $22bn debt dispute

Saudi Arabia has accelerated steps to resolve a $22bn debt dispute that is seen by investors as a litmus test of Crown Prince Mohammed bin Salman’s commitment to reforms, three sources familiar with the matter say.

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Saudi British Bank’s Mulhem released from corruption probe

Prominent Saudi Arabian businessman Khalid Bin Abdullah al-Mulhem has been released after being detained for more than two months, sources told Reuters on Tuesday.

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