Saudi Tadawul approves listing $1.54bln government debt

The listing of the government debt instruments reissue shall commence starting from Tuesday, 19 May 2020

  
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 approved the listing of debt instruments from a class already listed, as requested by the Ministry of Finance.

The value of the new debt instruments, issued by the Saudi government, amounts to a total of SAR 5.755 billion.

This includes a SAR 3.8 increase in the issuance of 5 October 2019, and SAR 1.95 billion addition to the 10 October 2019 issuance.

The listing of the government debt instruments reissue shall commence starting from Tuesday, 19 May 2020.

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.

More From Markets