RIYADH: Â Saudi public debt issuance increased by nearly 50 percent in 2020 to SR163 billion ($43.4 billion), the Capital Market Authority reported.
Non-government debt issuance increased by more than 250 percent reaching SR31 billion compared to SR9 billion in 2019. Â
The market value of stocks and debt instruments reached SR9.8 trillion by the end of 2020, the Authority said in its annual report.
That represented a rise of 335 percent when compared to 2017 when it launched its three-year Financial Leadership Program that ran until last year.
The Authority has been developing its strategic plan for the next three years 2021-2023 in line with updated plans to expand the Kingdom's financial sector.
Saudi public debt issuance up 50% in 2020 to $43.4bn
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Updated 19 April 2021
Saudi public debt issuance up 50% in 2020 to $43.4bn
- The market value of stocks and debt instruments reached SR9.8 trillion by the end of 2020
