Saudi Aramco has signed a loan deal worth $10 billion (9.2 billion euros) with 27 regional and international banks to maintain financial flexibility, the energy giant said on Monday. The state-owned firm said the first loan is worth $7 billion in US dollars while the second is a $3-billion Islamic loan in Saudi riyals in a revolving credit agreement. Of the two loans, $2 billion matures after one year while the remaining $8 billion has a five-year maturity, Aramco said.
03-31-2015, 09:36 AM
Saudi Aramco signs $10 bn credit deal
Saudi Aramco has signed a loan deal worth $10 billion (9.2 billion euros) with 27 regional and international banks to maintain financial flexibility, the energy giant said on Monday. The state-owned firm said the first loan is worth $7 billion in US dollars while the second is a $3-billion Islamic loan in Saudi riyals in a revolving credit agreement. Of the two loans, $2 billion matures after one year while the remaining $8 billion has a five-year maturity, Aramco said.
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