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Saudi Arabia closes SAR 9.38bn sukuk issue – MoF

Saudi Arabia closes SAR 9.38bn sukuk issue – MoF
The first tranche stood at SAR 1.8 billion

Riyadh – Mubasher: The Saudi Arabian Ministry of Finance (MoF) announced closing its three-tranch domestic sukuk issue under the Saudi government local currency sukuk programme at a value of SAR 9.376 billion.

The first tranche stood at SAR 1.8 billion and it would mature in 2024, according to the MoF’s statement.

The second tranche amounted to SAR 274 million, maturing in 2029, while the third tranche reached SAR 7.297 billion and it would due in 2028.