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 NDMC finalizes the arrangement to secure SAR 23.3 billion syndicated loan


10/30/2024

The National Debt Management Center announces that it has completed arranging a syndicated loan for the Ministry of Finance with several local and international banks, amounting to approximately SAR 23.3 billion. This follows the Ministry of Finance's announcement on July 31, 2024, regarding its intention to take several measures to support Binladin Group with the aim of stabilizing its financial structure through a number of arrangements to settle bank dues, in coordination between the Ministry and the Group. This comes as a continuation of the government support to the construction sector, which boosts the completion of vital projects and creates attractive investment opportunities in the sector in alignment with Saudi Vision 2030.​​​