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Corporate Treasury Optimization and Debt Sustainability Strategies in Saudi Industrial Sectors under Vision 2030

Adel Gueblaoui

Subject area: Science,Engineering and Technology  ·  Area of research: Corporate Treasury Optimization

DOI: https://doi.org/10.64388/IREV9I11-1718377

Abstract

The current literature review paper focuses on the treasury structure of the corporate, which could enhance the debt sustainability of the Saudi industries with regard to Vision 2030. The review covers the treasury as a strategic tool that integrates liquidity forecast, working capital management, funding sources diversification, use of sukuk, covenant approach, digital control tower deployment, and capital investment approach that takes into account sustainability issues. A systematic review methodology is employed by incorporating scholarly journal papers, market reports, and Saudi Arabian literature between 2020 and 2025. From the reviewed literature, it is clear that the Saudi industries are operating in an economic environment characterized by rapid non-oil sector growth, maturity of the debt market, and diversification efforts of the government.

Keywords

Corporate Treasury, Debt Sustainability, Saudi Arabia, Industrial Sectors, Vision 2030, Sukuk, Working Capital, Liquidity Management

References

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[12] LSEG. (2024). Islamic finance development report 2024. London Stock Exchange Group.

[13] Mahmoud, I. (2024). Capital structure volatility during financial crisis: The COVID-19 impact on listed firms in Saudi Arabia. Swiss School of Management dissertation.

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[16] Ministry of Finance. (2024). Saudi government debt instruments and domestic market development updates. Kingdom of Saudi Arabia.

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[18] National Debt Management Center. (2024). Annual borrowing plan 2024. Kingdom of Saudi Arabia.

[19] National Debt Management Center. (2025). Annual borrowing plan 2025. Kingdom of Saudi Arabia.

[20] Nowacki, C., & Monk, A. H. B. (2019/2020). Strategic investment and sovereign development funds in emerging transitions. Stanford working paper.

[21] OECD. (2020). The role of sovereign and strategic investment funds in the low-carbon transition. OECD Publishing.

[22] PIF Program. (2021). Public Investment Fund Program 2021–2025. Vision 2030 Kingdom of Saudi Arabia.

[23] PwC. (2024). Middle East working capital study 2024. PricewaterhouseCoopers Middle East.

[24] PwC. (2025). Middle East working capital study 2025. PricewaterhouseCoopers Middle East.

[25] Saudi Exchange. (2025). Sukuk/bond market watch. Tadawul.

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How to cite this paper

Adel Gueblaoui "Corporate Treasury Optimization and Debt Sustainability Strategies in Saudi Industrial Sectors under Vision 2030" Iconic Research And Engineering Journals Volume 9 Issue 11 2026 Page 5249-5257 https://doi.org/10.64388/IREV9I11-1718377
Adel Gueblaoui "Corporate Treasury Optimization and Debt Sustainability Strategies in Saudi Industrial Sectors under Vision 2030" Iconic Research And Engineering Journals, vol. 9, no. 11, May. 2026, doi: https://doi.org/10.64388/IREV9I11-1718377
Adel Gueblaoui (2026). Corporate Treasury Optimization and Debt Sustainability Strategies in Saudi Industrial Sectors under Vision 2030. Iconic Research And Engineering Journals, 9(11). doi: https://doi.org/10.64388/IREV9I11-1718377
Adel Gueblaoui "Corporate Treasury Optimization and Debt Sustainability Strategies in Saudi Industrial Sectors under Vision 2030" Iconic Research And Engineering Journals, vol. 9, no. 11, May. 2026. Crossref, https://doi.org/10.64388/IREV9I11-1718377
@article{1718377,
      author = {Adel Gueblaoui},
      title = {Corporate Treasury Optimization and Debt Sustainability Strategies in Saudi Industrial Sectors under Vision 2030},
      journal = {Iconic Research And Engineering Journals},
      year = {2026},
      volume = {9},
      number = {11},
      pages = {5249-5257},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1718377.pdf},
      abstract = {The current literature review paper focuses on the treasury structure of the corporate, which could enhance the debt sustainability of the Saudi industries with regard to Vision 2030. The review covers the treasury as a strategic tool that integrates liquidity forecast, working capital management, funding sources diversification, use of sukuk, covenant approach, digital control tower deployment, and capital investment approach that takes into account sustainability issues. A systematic review methodology is employed by incorporating scholarly journal papers, market reports, and Saudi Arabian literature between 2020 and 2025. From the reviewed literature, it is clear that the Saudi industries are operating in an economic environment characterized by rapid non-oil sector growth, maturity of the debt market, and diversification efforts of the government.},
      keywords = {Corporate Treasury, Debt Sustainability, Saudi Arabia, Industrial Sectors, Vision 2030, Sukuk, Working Capital, Liquidity Management},
      month = {May},
      doi = {https://doi.org/10.64388/IREV9I11-1718377}
  }