Saudi Aramco is nearing an agreement on a $10 billion revolving credit facility backed by a syndicate including Bank of China and ICBC. The financing carries an interest margin of 60 basis points over SOFR to reinforce company liquidity. The transaction follows a series of large-scale debt raises by Gulf energy firms involving Chinese financial institutions.
Saudi Arabian state oil company Aramco is nearing a deal for a $10 billion revolving credit facility with an international banking syndicate. The lending group includes Bank of China and Industrial & Commercial Bank of China alongside global financial institutions. The facility is set to carry a margin of 60 basis points over the Secured Overnight Financing Rate.
State-owned QatarEnergy has secured a five-year, $3 billion syndicated loan from four major Chinese commercial banks. The credit facility is priced at 50 basis points over the Secured Overnight Financing Rate and is earmarked for working capital. The deal highlights continued Chinese lending across the Gulf region.
Policy updates, China–UAE business news and industry insights, delivered to your inbox.
Membership
Tell us about your experience and connection to UAE–China business. UECN assesses your application and offers the right membership category — fees are shared privately with your offer.
We send you a one-time sign-in link — your answers are saved as you go.
