Tadawul to trade government debt, Finance Ministry says
Saudi Arabia will trade government bonds on its stock exchange, according to the Finance Ministry. Bonds will be registered, listed and traded on the exchange's platform gradually, the Ministry said without giving details or elaboration on whether the planned international bond issuance could be listed on the exchange as well. Since late 2015, the government has offered cSAR20bn (USD5.3bn) of domestic bonds to local banks every month, but the banks have found it increasingly challenging to buy all the bonds, as cheap oil has tightened liquidity. (Reuters)
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.