Saudi Arabia is reportedly looking for loans worth $10 billion from international lenders in its most significant foreign borrowing in a decade.
The Saudi Arabian government is said to have sent an invitation to banks to discuss a US dollar loan.
While the invitation did not specify an amount, sources said it could be worth $10 billion or more.
Calls to the Saudi finance ministry and central bank seeking comment were not immediately returned.
Saudi's shock loan request signals that the kingdom looking at other ways to finance its economy after the oil price slump.