KSA has allocated SR252bn in foreign aid since 1990

Updated 29 September 2014

KSA has allocated SR252bn in foreign aid since 1990

Saudi Arabia allocated SR252 billion ($67.2 billion) in aid to foreign countries between 1990 and 2014, according to a financial report.
Saudis gave SR85 billion ($22.7 billion) in aid to nine Arab countries, namely Egypt, Yemen, Jordan, Bahrain, Oman, Palestine, Morocco, Sudan, and Djibouti, between 2011-2014, said the report. According to the report, however, only SR40.8 billion ($10.9 billion) actually reached those countries. Egypt captured the lion’s share of Saudi actual aid, at SR22.3 billion ($5.9 billion), or 55 percent, followed by Jordan, at SR7.2 billion ($1.9 billion), or 17 percent, the report said.
Egypt also topped the list, having received the biggest portion of money allocated by the Saudi government, at SR24.4 billion, or 29 percent of the total sum of aid.
This is followed by Yemen, which received SR14.3 billion, Jordan (SR11.2 billion), Bahrain (SR10.7 billion), Oman at SR9.4 billion, Palestine (SR 6.7 billion), Morocco (SR6.2 billion), Sudan (SR2 billion), and Djibouti (SR255 million).
Meanwhile, Yemen was the third largest recipient of Saudi actual aid after Egypt and Jordan in the last three years, having received SR4.4 billion, followed by Palestine (SR3.9 billion), Morocco (SR1.8 billion), Sudan (SR900 million), Bahrain (SR259 million) and Djibouti (SR68 million).


Saudi Arabia starts selling triple-tranche dollar bonds

Updated 21 January 2020

Saudi Arabia starts selling triple-tranche dollar bonds

  • The kingdom is offering initial price guidance of around 110 basis points (bps) over US Treasuries for the seven-year paper

DUBAI: The government of Saudi Arabia started marketing on Tuesday US dollar denominated bonds split into tranches of seven, 12 and 35 years, a document showed.

The kingdom is offering initial price guidance of around 110 basis points (bps) over US Treasuries for the seven-year paper, 135 bps over the benchmark for the 12-year tranche, and 180 bps over for the 35-year.

Citigroup, Morgan Stanley and Standard Chartered are joint global coordinators and lead managers, and BNP Paribas, HSBC, JPMorgan and NCB Capital have been hired as passive lead managers.