Saudi Arabia closes SAR 9.38 bln domestic sukuk issuance

Saudi Arabia’s Ministry of Finance announced on Tuesday that it has sold SAR 9.38 billion worth of domestic sukuk in February 2019 under the government’s riyal-denominated sukuk program.

The issuance was divided into three tranches as follows:

- The first tranche was valued at SAR 1.805 billion, bringing the total tranche size to SAR 2 billion, maturing in 2024.

- The second tranche was worth SAR 274 million, bringing the total tranche size of SAR 5.449 billion, maturing in 2029.

- The third tranche was valued at SAR 7.297 billion, maturing in 2031.