Saudi Arabia mulls savings sukuk for citizens, SMEs

21/11/2017 Argaam

Saudi Arabia’s finance ministry is considering issuance of savings sukuk for nationals and small and medium enterprises (SMEs), Fahad Al-Saif, the head of the Kingdom’s Debt Management Office (DMO) said on Monday.

 

The DMO is planning to introduce an auction system for government bonds and re-offer the existing issues.

 

The move will come as part of DMO’s efforts to develop the public debt market through building a domestic, diversified and profound base for capital markets, Al-Saif added on the sidelines of the KFUPM Islamic banking and finance research conference.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.