Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) has issued its resolution approving the listing of debt instruments, as per the request of the Saudi Ministry of Finance.

The listed debt instruments, issuance number 07-01-2020, have a total value of around SAR 715.005 million, according to a statement by Tadawul on Monday.

Accordingly, listing and trading the government debt instruments shall commence starting from Wednesday 29 January 2020, the statement noted.

The Saudi Ministry of Finance revealed earlier today that it has closed the January 2020 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program, with an issuance size of SAR 6.720 billion.

The issuance was divided into two tranches, a SAR 715 million tranche that matures in 2027, and a second tranche that was valued at SAR 6.005 billion, with a total tranche size of SAR 7.842 billion, which matures in 2030.

 

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.