Business · Companies · 6 hrs ago
Goldman Sachs, HSBC and Fortress join $150 million Saudi credit deal
Goldman Sachs, HSBC and Fortress are helping arrange $150 million in financing for United Saudi Company in Saudi Arabia.
The deal also involves regional fund managers Ruya Partners and Amwal Capital Partners, and is among the first large private-credit deals in the country since the US-Iran war began in February.
It is Fortress’s first move into Saudi Arabia’s private-credit market, and Ruya Partners confirmed it is involved.
Saudi Arabia is seeking private investment to help fund its costly Vision 2030 economic transformation, while the war has added financial pressure.
Private credit can offer another source of funding for businesses, including small and medium-sized firms that often struggle to get bank loans.
Saudi private credit still relies mainly on local funding, but new funds focused on the Middle East are expected to support the market.
Goldman Sachs, HSBC and Fortress are among financial firms arranging $150 million in financing for United Saudi Company.
The deal also involves Middle Eastern fund managers Ruya Partners and Amwal Capital Partners, according to people familiar with the matter.
It is one of the first major Saudi private-credit deals involving large international finance firms since the US-Iran war began in February.
The transaction marks Fortress’s first entry into Saudi Arabia’s private-credit market.
Ruya Partners confirmed it is involved in a deal concerning United Saudi Company but declined to provide further details.
- Who
- Goldman Sachs, HSBC, Fortress, Ruya Partners and Amwal Capital Partners are involved. The financing is for United Saudi Company.
- What
- The firms are providing $150 million in financing. The deal is among the first major Saudi private-credit transactions involving large international finance firms since the war began.
- When
- The article was published on November 11, 2026. The deal’s completion date is not stated.
- Where
- Saudi Arabia.
- Why
- Saudi Arabia is increasingly relying on private capital as it pursues its Vision 2030 economic transformation. The sources do not state the specific purpose of the financing for United Saudi Company.
This story does not have two clearly opposing sides.
Alternative financing began taking a larger role in Saudi Arabia.
The war between the United States and Iran began, according to the article.
Janus Henderson said it had raised about $200 million for its regional private-credit fund.
Al Eqtisadiah reported the $150 million financing deal.
- Financing
- $150 million
- Borrower
- United Saudi Company
- International firms
- Goldman Sachs, HSBC and Fortress
- Middle Eastern fund managers
- Ruya Partners and Amwal Capital Partners
- Fortress’s Saudi market entry
- Its first entry into Saudi Arabia’s private-credit market
- Article publication
- November 11, 2026