March 16, 2020 / 1:18 PM / 4 months ago

Aramco has "massive capacity" to borrow, but does not need new debt - CFO

DUBAI, March 16 (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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