Saudi Arabia closes SAR 2.7 bln domestic sukuk issuance

27/06/2019 Argaam

 

Saudi Arabia’s Ministry of Finance announced on Thursday that it sold SAR 2.744 billion worth of domestic sukuk in June 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 1.1 billion, bringing the total tranche size to SAR 3.248 billion, maturing in 2028.

 

- The second tranche was worth SAR 345 million, bringing the total tranche size of SAR 9.827 billion, maturing in 2031.

 

- The third tranche was valued at SAR 1.299 billion, bringing the total tranche size of SAR 5.665 billion, maturing in 2034.

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