Date: 5 months ago   Category: Markets

Saudi Arabia reforms economy on credit


Saudi Arabia intends to attract financing of foreign banks for the sum of 11 billion dollars for carrying out economic reforms in the country. Financial Times reports about it. As the newspaper specifies, the hole in the budget of the country has appeared because of the cancelled IPO (initial public offering) of the largest company Saudi Aramco which had to become the largest in the history. Banks which will grant the loans to Sovereign fund of Saudi Arabia, will be chosen this week. According to sources, it is planned to attract 16 leading banks. Materials on teme00:01 — on July 18 zadnyuyusaudovsky Arabia has deceived Dali the whole world. I am guilty neftrany it was reported with reference to sources that Riyadh has refused primary placement at the exchange of the five-percent equity stake of the world's largest oil company Saudi Aramco. The transaction has been announced by the crown prince of the country Mahomed bin Salman in 2016. It had to become a body of the global program "Vision of 2030" for reforming of economy and public life of Saudi Arabia. The conclusion of the company to the IPO had to bring to the budget of Saudi Arabia, by some estimates, 100 billion dollars. The transaction was repeatedly transferred. About her cancellation has for the first time become possible it is known in the spring of 2018. It is more than important news in Film of Day Telegram-channel. Subscribe!

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