Saudi ministry closes October 2020 domestic sukuk issuance worth $72mln

The Sukuk issuances were divided into two tranches

  
Islamic finance. Image use for illustrative purpose.

Islamic finance. Image use for illustrative purpose.

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RIYADH — The Ministry of Finance’s National Debt Management Center closed the October 2020 issuance under the Saudi Arabian government SR-denominated sukuk program. The issuance size was set at SR270 million.

The Sukuk issuances were divided into two tranches as follows:

• The first tranche has a size of SR 235million and a total tranche size of SR782.8 million, maturing in 2027.

• The second tranche has a size of SR35 million, and a total tranche size of SR7,650 billion, maturing in 2032.

© Saudi Press Agency 2020

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