CORPORATE TREASURY OPTIMIZATION AND DEBT SUSTAINABILITY STRATEGIES IN SAUDI INDUSTRIAL SECTORS UNDER VISION 2030

Abstract

Saudi Arabia’s industrial transformation under Vision 2030 is changing the financial responsibilities of industrial firms. Large capital programs, localization targets, export development, energy transition commitments, supply-chain expansion, and deeper domestic capital markets require corporate treasury functions to move beyond transactional cash administration toward integrated liquidity, funding, risk, and governance leadership. This review develops a corporate treasury optimization and debt sustainability framework for Saudi industrial sectors, with attention to petrochemicals, energy-intensive manufacturing, mining, logistics-linked production, food processing, and advanced materials. A structured narrative review of policy reports, market sources, treasury surveys, sustainability-finance standards, and relevant finance literature published mainly between 2020 and 2026 is used to identify how cash visibility, working-capital release, debt maturity management, sukuk and bond market access, hedging discipline, sustainability-linked financing, and data-enabled decision systems can support financial resilience. The paper argues that firm-level debt sustainability is not a single leverage ratio; it is a governance condition in which borrowing maturity, currency exposure, profit-rate risk, liquidity runway, project cash-flow certainty, covenant discipline, and capital-allocation quality remain consistent with long-term industrial competitiveness. The proposed framework is organized around four phases: Diagnose, Optimize, Finance, and Sustain. It links treasury practices to Vision 2030 outcomes by showing how disciplined financial management can strengthen non-oil investment, investor confidence, local supply chains, private-sector productivity, and sustainable industrial growth.