Gibson Dunn Advised Saudi Arabia Ministry Of Finance On $2.5 Billion Shariah-Compliant Credit Facility
Gibson Dunn Advised Saudi Arabia Ministry Of Finance On $2.5 Billion Shariah-Compliant Credit Facility
Gibson, Dunn & Crutcher LLP has advised the Saudi Arabia Ministry of Finance on successfully arranging a Shariah-compliant revolving credit facility valued at $2.5 billion (SR9.4 billion). The three-year facility, secured with the participation of three regional and international financial institutions, is designed to support the Kingdom’s general budgetary requirements.
This financing arrangement aligns with Saudi Arabia’s medium-term public debt strategy, which emphasizes diversifying funding sources to meet financing needs at competitive terms while adhering to stringent risk management frameworks. The credit facility will contribute to the Kingdom’s broader fiscal objectives, including ensuring budgetary stability and supporting sustainable economic growth.
The Gibson Dunn team was led by Riyadh Finance Partner Mahmoud El-Hossainy Abdel-Baky.
This latest credit arrangement demonstrates Saudi Arabia’s commitment to achieving its Vision 2030 objectives by leveraging innovative financing mechanisms and fostering fiscal sustainability.
