Monday 03, September 2018 by Kudakwashe

Saudi sells SAR 4 billion of domestic Sukuk

 

The tap issuance brings the total amount of the issuance to SAR 7.46 billion.

 The Kingdom’s finance ministry sold SAR 2.25 billion of five-year Sukuk, SAR 500 million of seven-year Sukuk, and SAR 1.25 billion of 10-year Sukuk.

Saudi Arabia’s ministry of finance has announced the completion of its SAR 4.0 billion domestic Islamic bonds in its monthly auction, according to local newswire, Saudi Press Agency.

The tap issuance brings the total amount of the issuance to SAR 7.46 billion.

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