Saudi local debt instruments registered, says Tadawul

30/04/2017 Argaam

Tadawul’s Securities Depository Center (SDC) has completed the registration of local public debt instruments, which were previously announced by the finance ministry through the Debt Management Office (DMO).

 

All procedures were completed with the finance ministry, the Saudi Arabia Monetary Authority (SAMA) and the Capital Market Authority (CMA) ahead of listing on the Saudi exchange, the center said in a statement to Tadawul on Sunday.

 

The instruments are issued as part of the DMO’s strategy to develop the primary debt market, diversify debt instruments through the issue of local and international Sharia-compliant Sukuk securities, along with the development of the secondary debt market.

 

The kingdom’s total outstanding debt stood at SAR 342.4 billion by the end of 2016. 

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