Saudi Arabia’s total outstanding debt stood at SAR342.4bn as of November-end, according to a press release issued by the Ministry of Finance. The total local debt issued reached SAR97bn by Sep-end, in addition to the USD10bn (SAR37.5bn) international syndicated loan arranged in May, and USD17.5bn (SAR65.6bn) international bond issued in October, bringing to SAR200.1bn the total local and international debt issued in 2016. The Debt Management Office (DMO) is also working on the development of the primary debt market, diversification of debt instruments through issuing local and international Sharia'ah-compliant Sukuk securities, and the development of the secondary debt market through registering and listing the local debt instruments on the Saudi Stock Exchange (Tadawul). (Saudi Press Agency)