Not true. Take a closer look. They doubled the cost of gasoline within the “Kingdom” to raise cash. They are pumping as much as possible from their huge reserves and are selling at very low prices to raise cash. That is something they have never done. They are very hard pressed.
They reduced an outrageous subsidy to a really large subsidy. It used to be 16 cents a liter. Now it's gone up to 24 cents.
They have years of cash reserves.
http://www.cnbc.com/2015/12/03/biggest-cash-issue-for-saudi-arabia-goes-beyond-oil.html
Many talk about how Saudi Arabia will be bankrupt in 5 years if the oil prices stay low. Long before that, several other OPEC countries will fall apart and oil production will be disrupted, raising prices. Look at financials for Nigeria, Venezuela, Algeria, Libya, Angola...