SRMG subsidiary buys SAR 300 mln Saudi Government sukuk

30/12/2021 Argaam

Logos of Saudi Research and Media Group

Saudi Research and Media Group’s (SRMG) subsidiary Scientific Works Holding Co. purchased Saudi Government sukuk today, Dec. 30, with a nominal value of SAR 300 million.

 

The transaction value will be funded from SRMG’s operations, the company said in a statement to Tadawul.

 

The financial impact is expected to appear starting from H1 2022.

 

There are no related parties, the statement noted.

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