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Published 10 days ago

Saudi Arabia closes April sukuk issuance at $1.97bn

Summary by Arab News

RIYADH: Saudi Arabia has completed its riyal-denominated sukuk issuance for April at SR7.39 billion ($1.97 billion), representing a rise of 66.44 percent compared to the previous month. The National Debt Management Center revealed that the Shariah-compliant debt product was divided into three tranches. The first tranche, valued at SR2.35 billion, is set to mature in 2029, while the second one amounting to SR1.64 billion is due in 2031. The…

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Saudi Arabia closes April sukuk issuance at $1.97bn

RIYADH: Saudi Arabia has completed its riyal-denominated sukuk issuance for April at SR7.39 billion ($1.97 billion), representing a rise of 66.44 percent compared to the previous month. The National Debt Management Center revealed that the Shariah-compliant debt product was divided into three tranches. The first tranche, valued at SR2.35 billion, is set to mature in 2029, while the second one amounting to SR1.64 billion is due in 2031. The…

10 days ago·Riyadh, Saudi Arabia

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