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Update: Market Chatter: Saudi Arabia's NDMC, Aramco Reportedly in Talks for Potential Loan Deals

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(Updates with Aramco's statement)

Saudi Arabia's National Debt Management Center, or NDMC, and Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, have approached lenders for potential loan deals amid financial repercussions from the Iran war, Bloomberg News reported Monday.

The kingdom aims to raise at least $8 billion to diversify its funding streams, according to people familiar with the matter, who added that negotiations are at an early stage and may not lead to a deal. The NDMC is part of the kingdom's Ministry of Finance.

Aramco declined to comment when reached by, while the Ministry of Finance did not immediately respond.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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