Saudi Arabia is in preliminary negotiations to raise at least $8 billion in new loans with a view to increasing efforts to diversify funding sources under the economic impact of the Iran war. According to people familiar with the matter, the Kingdom's National Debt Management Center has begun contacting various banks about a potential transaction. People familiar with the matter requested anonymity due to discussions about undisclosed information. People familiar with the matter said that state-owned oil giant Saudi Aramco is also holding similar discussions with banks. They said both potential deals are in the early stages and may not necessarily take place in the end.

Saudi Arabia is in preliminary negotiations to raise at least $8 billion in new loans with a view to increasing efforts to diversify funding sources under the economic impact of the Iran war. According to people familiar with the matter, the Kingdom's National Debt Management Center has begun contacting various banks about a potential transaction. People familiar with the matter requested anonymity due to discussions about undisclosed information. People familiar with the matter said that state-owned oil giant Saudi Aramco is also holding similar discussions with banks. They said both potential deals are in the early stages and may not necessarily take place in the end.