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ADNOC to Arrange USD5 Billion Loan

ADNOC to Arrange USD5 Billion Loan

Abu Dhabi- The Abu Dhabi National Oil Company (ADNOC) has announced that it is currently considering a range of financing options, including bank loans, to promote prospects of smart growth and ensure sustainable expansion of its business, adding that it is...
Aramco to Issue Debut Islamic Bonds in Three Months

Aramco to Issue Debut Islamic Bonds in Three Months

Khobar- Saudi Arabian Oil Co., Aramco, is seeking to issue USD2 billion worth debut Islamic bond sale, the first step of a plan to tap markets for $10 billion, said sources. Aramco will sell riyal-denominated Islamic bonds, or sukuk — the sukuk may be privately...