IHS Markit puts Saudi govt sukuk market on watch list ahead of upgrade: report

13/10/2021 Argaam

Riyadh skyline


IHS Markit has added the Saudi government sukuk market to the watch list before inclusion into the iBoxx global index by Q4 2021, Al Eqtisadiah newspaper reported.

 

The first technical committee meeting is slated for Oct. 19. Two more meetings will be held later before issuing the final decision by November. 

 

The iBoxx Tadawul SAR Government Sukuk Indices measure specifically local currency Saudi Government Sukuk market.

 

FTSE Russell said lately that Saudi Arabia's sukuk will be added to its widely tracked local currency Emerging Markets Government Bond Index (EMGBI), Argaam reported.

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