Saudi Arabia considers another bond sale in Q1 2017

Saudi Arabia has met with several banks to discuss the potential sale of Shariah-compliant sukuk in the first quarter of the coming year, Bloomberg reported, citing unnamed sources.

The country is considering selling sukuk with maturities of five, 10 and 30 years. However, no final decision has been taken in regards to the size or timing of the issue.

Last October, Saudi Arabia raised $17.5 billion in a bond sale, attracting $67 billion of bids, data compiled by Argaam showed.

Former finance minister Ibrahim al-Assaf said the country might follow its first international debt issuance with an Islamic bond sale.