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Saudi Arabia sells SAR5.2bn in sukuk monthly issuance

Saudi Arabia sells SAR5.2bn in sukuk monthly issuance
The kingdom sold SAR 5.2 billion in sukuk in its local monthly issue for July

Riyadh – Mubasher: Saudi Arabia’s Ministry of Finance has closed its July 2019 sukuk issuance under the government’s riyal-denominated sukuk program.

The kingdom sold SAR 5.2 billion in sukuk in its local monthly issue for July, according to the ministry’s recent statement.

The issuance was divided into three tranches of SAR 1.95 billion due in 2024, SAR 405 million due in 2028, and SAR 2.8 billion maturing in 2034.