Tawasul
Mubasher TV
Contact Us Advertising   العربية

Saudi MoF trims local sukuk’s par value to SAR 1,000

Saudi MoF trims local sukuk’s par value to SAR 1,000
The move aims to enhance the kingdom’s domestic sukuk market

Riyadh – Mubasher: The Saudi Ministry of Finance’s (MoF) Debt Management Office (DMO) has announced reducing the par value of riyal-denominated sukuk.

The sukuk’s par value was trimmed to SAR 1,000 a piece from SAR 1 million, the MoF added, according to the Saudi Press Agency (SPA).

The move aims to enhance the kingdom’s domestic sukuk market and diversify investment products for investors, the ministry added.

Earlier on Thursday, the MoF’s DMO has completed the fourth issue of domestic sukuk this year.