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Saudi Arabia works with global banks to refinance $10bn loan

Saudi Arabia works with global banks to refinance $10bn loan
It is expected that the loan would end by mid-February

Riyadh – Mubasher: Saudi Arabia is working with global banks in order to refinance its international syndicated loan of $10 billion.

These international banks are HSBC, JP Morgan and the Japanese Mitsubishi UFG Financial Group, the source told Reuters .

It is expected that the loan would end by mid-February, the news agency added.

Moreover, other banks in Europe, America and Japan may partake in the loan.