Saudi Arabia closes SAR 9.38 bln domestic sukuk issuance

19/02/2019 Argaam

 

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.

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