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Who's Who: Hani Al-Medaini, acting chief executive officer of the Saudi National Debt Management Center


The findings include a graveyard of fossilized whalebones in the Saudi Arabia’s Jouf region
Updated 06 July 2021
July 06, 2021 00:16
JEDDAH: The discovery of the fossilized remains of an ancient whale that went extinct 37 million years ago in Saudi Arabia’s Jouf region has revealed secrets about the Kingdom’s geology and ancient marine environments.
The findings, made public on June 29, include a graveyard of fossilized whalebones that were uncovered by a group of eight local and international geologists and paleontologists.
A Saudi Geological Survey (SGS) team has taken credit for the discovery, which has been hailed as highly significant to science. The fossilized whale was found in an area filled with sandy and rocky mountains belonging to the Priabonian period, known as Upper Eocene Era, which dates back 37 million years. ....

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Saudi Arabia's euro bond 3 times oversubscribed


RIYADH: The Saudi National Debt Management Center (NDMC) has announced the receipt of subscriptions from investors for its second international issuance under the Kingdom’s Global Medium-Term Note Program in Euro.
The bond issuance was more than three times oversubscribed, with total orders in excess of 5 billion euros ($6.11 billion).
Saudi Arabia will issue a total of 1.5 billion euros in two tranches: 1 billion euros for three-year notes set to mature in 2024, and 500 million euros for nine-year notes scheduled to mature in 2030.
Saudi Minister of Finance and Acting Minister of Economy and Planning Mohammed Al-Jadaan, said that the euro-denominated issuance came within the framework of the NDMC’s efforts to secure the Kingdom’s financing needs in accordance with the objectives of the fiscal policy and public debt strategy. ....

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