SAUDI ARABIA: Fitch Ratings anticipates continued strong activity in Saudi Arabia’s debt capital market (DCM) in 2025 driven by Vision 2030, deficit funding needs, economic diversification, maturing obligations and ongoing reforms.
The Saudi DCM grew by 20% year-on-year (end-2024: US$432.5 billion outstanding), with a sukuk majority (63%) – in mostly US dollars (50%) and riyal (48.3%) issues.
