GCC share of emerging market USD debt climbs to 35% in 1Q -Fitch
The total GCC debt market crossed USD 1 tn by the end of March
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The total GCC debt market crossed USD 1 tn by the end of March
The domestic debt capital market grew 16% y-o-y to USD 465.8 bn in 1Q
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The forecast comes after Aramco decided to cut its dividends in 2025
Saudi Arabia led emerging markets — outside of China — in USD-denominated issuances last year
The oil major ramped up borrowing this year to keep on top of generous dividend payouts
The figure is poised to cross USD 300 bn milestone “within a couple of years”
Deposits are set to remain primary source of funding for Islamic banks, according to the report
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