Saudi Tadawul approves $135.46mln government debt instruments

This is an increase in the issuance January 7, 2020 issuance, bringing its total value to $36.11bln

  
A man walks at the Saudi Stock Exchange (Tadawul) following the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia, December 11, 2019. Image used for illustrative purpose.

A man walks at the Saudi Stock Exchange (Tadawul) following the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia, December 11, 2019. Image used for illustrative purpose.

REUTERS/Ahmed Yosri

Riyadh – The Saudi Stock Exchange (Tadawul) has issued its resolution on Wednesday approving the listing request of SAR 508 million worth of government-issued debt instruments.

This is an increase in the issuance 7 January 2020 issuance, bringing its total value to SAR 1.22 billion.

Accordingly, the listing of the government debt instruments reissue commences starting from Tuesday 25 February 2020, as the Securities Depository Center Company (Edaa) implemented the size of the issue increase on the center’s accounts of eligible securities’ holders.

Tadawul also approved the listing of SAR 3.988 billion debt instruments, which will begin trading starting from Wednesday 26 February.

Source: Mubasher

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