Saudi Aramco is close to securing a $10 billion loan

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智通财经2026/10/26 14:06

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Sources reveal that the Saudi state-owned oil company Saudi Aramco is close to reaching a $10 billion loan agreement with multiple international banks.
Amid Middle East tensions threatening crude oil exports, this loan will strengthen the company's financial position.
According to sources, this revolving credit facility is expected to be signed in the coming weeks and will be provided jointly by several banks, including Citigroup, HSBC Holdings, JPMorgan, and Mitsubishi UFJ Financial Group.
The pricing of the new credit facility is expected to be 60 basis points above the secured overnight financing rate.
The last time Saudi Aramco signed a revolving credit facility was in 2024, when the financing was split into two parts: one part was $7 billion, arranged by lending institutions from the US, Europe, and Asia; the other part was $3 billion, structured under Murabaha financing and funded by regional banks.
It is important to monitor the timing of the signing of this loan, its final pricing, and the impact of the use of funds on Saudi Aramco's financial flexibility going forward.

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Saudi Aramco is close to securing a $10 billion loan

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