Saudi Arabia is like that friend who turns up to the party four hours late (but then again that’s typical for an Arab, right?).
Though the other Gulf states rushed to sell bonds recently, Saudi had remained largely quiet. Now, it seems, the country is finally ready to get back on the global capital markets and is going to launch a USD 5b bond sale. The sale is set to happen this month, but no official date has been announced yet.
Governments and companies across the region are expected to issue around USD 120b in Dollar and Islamic securities in 2021.