March 16, 2020 / 1:26 PM / 14 days ago

Aramco has 'massive capacity' to borrow, but does not need new debt: CFO

DUBAI (Reuters) - Aramco has “massive capacity” to borrow, but does not need additional debt, the Saudi oil giant’s CFO Khalid al-Dabbagh said during a conference call on Monday.

Aramco had a gearing of -(minus)0.2% at the end of 2019, the company said on Sunday.

Reporting by Saeed Azhar, editing by Davide Barbuscia

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