Saudi Arabia closes August domestic sukuk issuance worth SAR 2.3 bln

Saudi Arabia’s Ministry of Finance has closed its August 2019 sukuk issuance under the government’s riyal-denominated sukuk program, with the issuance size set at SAR 2.261 billion, the ministry said in a statement.

The issuance was divided into three tranches as follows:

- The first tranche was valued at SAR 1.415 billion, bringing the total tranche size to SAR 4.183 billion, maturing in 2024.

- The second tranche was worth SAR 258 million, bringing the total tranche size to SAR 2.628 billion tranche, maturing in 2028.

- The third tranche amounted to SAR 588 million, bringing the total tranche size to SAR 9.109 billion, maturing in 2034.