Report: 124 Saudi-Listed companies got SR978bln loans

Loans, sukuk and bonds issued by 124 listed companies and banks in the Saudi market reached SR 978 billion by the end of 2021. These loans were given by international and domestic banks including SR 548 billion of long term loans and SR 181 billion of short loans, while sukuk and bonds worth SR 254.6 billion. Atamco, Saudi Electricity, Maaden and Petro Rabigh acquired 72% of these loans last year.

Based on data collected by Maaal, Saudi Aramco got loans and sukuk worth SR 510.9 billion from which SR 303.4 billion long-term loans, SR 70.5 billion short-term loans and SR 137 billion sukuk/bonds. The company got these loans from commercial banks, agencies and the PIF.

By comparison, Aramco’s loans in 2021 declined 5% from SR 536 billion in 2020 and SR 175.6 billion.

Saudi Electricity got loans and sukuk worth SR 108.9 billion from which SR 50.9 billion long-term loans, SR 13.8 billion short-term loans and SR 44.2 billion sukuk/bonds. Total loans of the company fell 4.3% in 2021 from SR 113.7 billion in 2020, and SR 159.6 billion in 2019 and SR 157.6 billion in 2018.

In the third spot was Maaden which got loans and sukuk worth SR 46.8 billion from which SR 4.4 billion long-term loans and SR 39 billion short-term loans.

Petro Rabigh was the fourth one with loans of SR 38.7 billion included SR 18.9 billion long-term loans and SR 19.8 billion short-term loans. The company was given these loans by international and domestic banks and also Aramco.

Moreover, 18 companies and banks of the listed 124 ones on the Saudi market issued bonds and loans worth SR 254.6 billion.