The Gulf Cooperation Council (GCC) banks are likely to issue over $30 billion (Dh110 billion) of US dollar debt in 2025, down 28.5 per cent from $42 billion in 2024, Fitch Ratings said.
GCC banks have about $23 billion of US dollar debt maturing in 2025 with Qatari banks accounting for about a third of the debt while UAE and Saudi banks about a quarter each, said the global ratings agency. Banks in the region have about $2.2 billion in additional Tier 1 (AT1) instruments with first call dates in 2025, and $3.1 billion in 2026.
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