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23-Jan-2019

KSA closes SAR7.1bn domestic sukuk issuance

Saudi Arabia has closed receiving investors requests for its domestic sukuk issuance (01-2019) and additional requests for issuance (09-2017) with the total value of SAR 7.095 billion, under the government’s riyal-denominated sukuk program, Saudi Press Agency (SPA) reported, citing a ministry statement issued today. Sukuk issuance (01-2019) was valued at SAR5.37bn, while re-opening issuance (09-2017) was valued at SAR1.725bn. According to data compiled by Argaam, the finance ministry’s debt management office established in July 2017 the government’s riyal-denominated sukuk program with unlimited period and value.

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