Saudi finance minister approves 2024 borrowing plan -statement

Saudi finance minister Mohammed Al-Jadaan has approved the kingdom's 2024 annual borrowing plan, the ministry said in a statement on Thursday.

Saudi Arabia estimates its 2024 financing needs at about 86 billion Saudi riyals ($22.9 billion), the statement added.

The ministry said that by the end of 2024 the total debt portfolio is expected to reach 1.115 trillion riyals. ($1 = 3.7502 riyals)