By: Aseel Bin Taleb

Riyadh – Mubasher: Any other possible issuance of bonds will depend on the Kingdom’s needs, according to Saudi Arabia’s Finance Minister Ibrahim Al-Assaf.

“The issuances will not be limited to bond, but part of it will be by the way of sukuk,” the Minister added.

“It is difficult to currently determine the size of this sukuk or bond sale,” he noted.

The Kingdom’s first international bond sale unexpectedly saw a great interest, reflecting global investors’ confidence in the Saudi economy, Al-Assaf added at a news conference with International Monetary Fund Managing Director Christine Lagarde in Riyadh and other Gulf officials on Wednesday.

Saudi Arabia raised $17.5 billion (SAR 65.6 billion) from its first international offering of bonds this month.

Translated by: Julian Nabil