Saudi Tadawul approves listing $1.48bln government debt

The listing includes an increase in the issuance of 2020-01-07 by $346mln to reach a total of $672mln

  
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 a resolution approving the listing request of SAR 5.55 billion worth of debt instruments from a class already listed, issued by the Saudi government through the Ministry of Finance.

The listing includes an increase in the issuance of 2020-01-07 (Tadawul code: 5283) by SAR 1.3 billion to reach a total of SAR 2.523 billion, and an increase in issuance 2020-02-15 (Tadawul code: 5284) by SAR 4.25 billion to reach a total of SAR 8.238 billion.

The listing of government debt instruments reissue shall commence starting from Tuesday 28 April 2020, according to a statement to the Saudi Stock Exchange (Tadawul) on Monday.

Source: Mubasher

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