Saudi Arabia closes SAR 1.3 bln domestic sukuk issuance

30/12/2018 Argaam

 

Saudi Arabia’s Ministry of Finance has sold SAR 1.285 billion worth of domestic sukuk under the government’s riyal-denominated sukuk program, it said in a statement on Sunday.

 

The issuance was divided into three tranches:

 

- the first tranche was valued at SAR 2.730 billion, maturing in 2023.

 

- the second tranche was worth SAR 1.435 million, maturing in 2025.

 

- the third tranche was set at SAR 2.370 million, maturing in 2028.

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