As part of the Company's strategy of maintaining financial flexibility, Saudi Aramco has signed a new standby revolving credit facilities agreement. The USD 10 billion standby revolving credit facilities agreement replaces the existing USD 4 billion facilities agreement, which was signed in 2010.

The facilities are divided into USD and Saudi Riyal (SAR) tranches broken down as follows: •USD 7 billion, of which USD 6 billion is a 5-year facility with two 1-year extension options (5+1+1) and USD 1 billion is an annually-renewable 364-day facility. •SAR 11.25 billion (USD 3 billion) consisting of Murabaha facilities, of which SAR 7.5 billion (USD 2 billion) is a 5-year facility with two 1-year extension options (5+1+1) and SAR 3.75 billion (USD 1 billion) is an annually-renewable 364-day facility.

Tags: Saudi Aramco