Saudi Debt Surge Outpaces Equity as PIF and Aramco Fuel Growth Ambitions
Saudi Arabia’s corporate and sovereign debt market is sprinting ahead, outstripping equity by a three-to-one margin as the kingdom’s largest entities tap capital markets to fund expansion. According to Moody’s, debt issuances have topped $15 billion in the first half of 2025 alone. The Public Investment Fund (PIF), energy titan Aramco, and utilities powerhouse Saudi …
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