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Tadawul cuts par value of 29 gov’t debt instruments

Tadawul cuts par value of 29 gov’t debt instruments
The change will be effective on 9 June

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) has announced the reduction of the par value of 29 domestic government debt instruments issued by the Saudi government to SAR 1,000 from SAR 1 million.

The decision was requested by the Ministry of Finance (MoF), according to a bourse statement.

The change in prices will be effective on 9 June.