Gibson Dunn Advises Saudi Ministry of Finance on $2.5 billion Shariah-compliant Credit Facility

Firm News  |  January 9, 2025

Gibson Dunn advised the Saudi Arabia Ministry of Finance on the arrangement of its US$2.5 billion (SR9.4 billion) Shariah-compliant revolving credit facility. The three-year facility, secured with the participation of three regional and international financial institutions, will support the Kingdom’s general budgetary requirements and is in line with Saudi Arabia’s public debt strategy to diversify funding sources.

The Gibson Dunn team was led by Riyadh finance partner Mahmoud Abdel-Baky.