Saudi Arabia plans to issue green bonds soon to advance ESG plans
The Peninsula
RIYADH: Saudi Arabia plans to issue green bonds soon, an official said on Monday, as the oil-producing kingdom seeks to embrace environmental, social and governance (ESG) concerns to expand its investor base and finance a transition to a greener economy.
Hani Al-Medaini, acting chief executive officer of the Finance Ministry's National Debt Management Center, said the government will also be looking at financing backed by export credit agencies, in addition to conventional and Islamic bonds.
He was speaking at an investment conference in Riyadh.
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