DUBAI - Saudi Arabia has raised 5.55 billion riyals in sukuk, or Islamic bonds, the Finance Ministry said in a statement on Thursday.

The first tranche of the sukuk issue has a size of 1.3 billion riyals, and a total tranche size of 2.523 billion riyals, maturing in 2027, the ministry said.

The second tranche has a size of 4.25 billion riyals, and a total tranche size of 8.238 billion riyals, maturing in 2035.

(Reporting by Aziz El Yaakoubi Editing by Chris Reese) ((aziz.elyaakoubi@thomsonreuters.com; +971552994086; Reuters Messaging: aziz.elyaakoubi.reuters.com@reuters.net))