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| 20 March, 2018

Saudi finance ministry sells $1.29bln of domestic Sukuk

Saudi Arabia's government sold SAR4.85bln ($1.29bln) of domestic sukuk in a monthly sale.

A Saudi money changer displays Saudi Riyal banknotes at a currency exchange shop in Riyadh, Saudi Arabia July 27, 2017.
Image for illustrative purpose.

A Saudi money changer displays Saudi Riyal banknotes at a currency exchange shop in Riyadh, Saudi Arabia July 27, 2017. Image for illustrative purpose.

REUTERS/Faisal Al Nasser

DUBAI- Saudi Arabia's government sold 4.85 billion riyals ($1.29 billion) of domestic sukuk in a monthly sale by re-opening an issue originally made in January, the Ministry of Finance said on Tuesday.

The ministry sold 2.60 billion riyals of five-year sukuk, 1.85 billion riyals of seven-year and 0.40 billion riyals of 10-year.

Last month, the ministry sold 7.22 billion riyals of domestic sukuk. ($1 = 3.7500 riyals)

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(Reporting by Katie Paul Editing by Hugh Lawson) ((Katie.Paul@thomsonreuters.com;))