Fitch expects Saudi Arabia to remain the largest issuer of dollar-denominated debt and instruments in emerging markets due to funding needs across sectors, regulatory initiatives, and expectations for lower oil prices and interest rates.
The agency predicted in a statement that the size of the existing Saudi debt market will reach approximately $600 billion in 2026.
According to the report, dollar-denominated bond issuance increased by 49% to about $100 billion.
local version
“Saudi bond market outstanding will exceed $520 billion in 2025,” Fitch said. He noted that last year, Saudi Arabia was the largest source of dollar debt in emerging markets outside of China, with a share of 18%.
The agency noted that after the reform, foreign investors will account for more than 10% of the government’s existing domestic direct issuance in key local markets by the end of 2025, rising to 4.5% in 2024.
Fitch Agency forecast that Saudi Arabia will remain one of the biggest issues for dollar-denominated debt and emerging market debt due to expected lower oil prices and interest rates, as well as financing needs across various sectors and regulatory initiatives.
The agency estimated in a statement that the amount outstanding in the Saudi debt market will reach about $600 billion by 2026.
It showed that dollar-denominated debt issuance increased by 49% to about $100 billion.
regional issues
“Saudi bond market outstanding will exceed $520 billion in 2025,” Fitch said. The report noted that Saudi Arabia was the largest issuer of dollar-denominated bonds in emerging markets outside of China last year, with a share of 18%.
The agency pointed out that after the reform, foreign investors will account for more than 10% of the outstanding direct local issuance to the government in major local markets by the end of 2025, rising to 4.5% in 2024.
