Saudi Arabia Seeking International Loan Of Up To $10 Billion: Report

By MarketWatchMarketWatch Pulse

The government of Saudi Arabia has asked banks to provide it with a loan of up to $10 billion, Reuters reported Wednesday, citing unnamed sources. An invitation sent to banks to discuss the loan didn't specify size, but sources said it could be around $10 billion or more, the report said. The Saudi finance ministry and central bank didn't respond to requests for comment after hours on Wednesday, Reuters reported. The alleged request from the world's largest oil exporter comes as a rout in crude prices takes a toll on the finances of major producing nations.

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