Saudi's Tadawul approves listing of government debt instruments

Tadawul approved listing new debt instruments of $1.24bln

  
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 –   Saudi Tadawul Group has approved the listing of new debt instruments worth SAR 4.65 billion as of 21 June 2021, according to a disclosure on Thursday.

Tadawul also announced the listing of debt instruments worth a total of SAR 3.61 billion. The debt instruments are of a class already listed and issued by the Saudi government, and submitted by the Ministry of Finance.

There will be an increase of SAR 860 million billion in an issue on 15 July 2020 to reach SAR 14.41 billion, in addition to another raise by SAR 2.75 billion in an issue on 7 January to reach SAR 16.66 billion.

Last month, Tadawul approved listing debt instruments of SAR 3.5 billion.

In February, it had nodded for listing debt instruments worth SAR 3.16 billion of a class already listed.

Source: Mubasher

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