Riyadh – Mubasher: Saudi Arabia issued debt instruments, including US dollar and euro-denominated bonds, worth a total of around $32.01 billion ($120.04 billion) during 2019.

The Saudi government collected around SAR 69.84 billion during the year from the local Islamic bonds (Sukuk) market, compared with SAR 48.38 billion in 2018, with an increase of 44.36%, according to official data collected by Mubasher.

Subscriptions to the local Sukuk amounted to SAR 72.31 billion, while the total sum from local and international Sukuk reached SAR 79.2%, 41.7% more than last year.

International Sukuk issuances stood at SAR 9.38 billion, 25% up from SAR 7.5 billion in 2018.

As for bonds, issuances were worth a total of SAR 40.83 billion during the year.