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| 26 October, 2017

Saudi Arabia considers issuing international sukuk early next year- Maaal

Saudi Arabia plans to issue an international sukuk, or Islamic bond, in the first quarter of 2018, said the head of the debt management office.

Image used for illustrative purpose. Dubai Islamic Bank to issue as soon as next week a U.S. dollar-denominated Islamic bond in the region of $750mln.

Image used for illustrative purpose. Dubai Islamic Bank to issue as soon as next week a U.S. dollar-denominated Islamic bond in the region of $750mln.

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RIYADH- Saudi Arabia plans to issue an international sukuk, or Islamic bond, in the first quarter of 2018, said the head of the debt management office, according to the Maaal financial news website.

Saudi Arabia issued its debut international sukuk earlier this year, raising $9 billion.

The government will issue domestic sukuk in November and December, the DMO head Fahad Al-Saif also said, according to Maaal.

(Reporting by Marwa Rashad, writing by Davide Barbuscia; Editing by Adrian Croft) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))