“We have also seen an increase in listed debt issuances by Saudi corporates, particularly government-related entities (GREs), which represented about 90 percent of the about $26 billion listed corporate bond and sukuk issuance in 2019 and 2020.” 

-Khalid Albihlal, head of S&P Global Ratings KSA, takes a deep dive into how Saudi Arabia will fund it’s $3.2 trillion economic reform plans and the state of development of Saudi banking and capital markets. [Arab News]