Saudi Arabia closes January domestic sukuk issuance worth $790m

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The National Debt Management Center closed the January 2021 issuance under the Saudi Arabian Government SAR-denominated sukuk program. (File/AFP)
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  • The issue size was set at SR2.96 billion ($790 million)

RIYADH: The National Debt Management Center closed the January 2021 issuance under the Saudi Arabian Government SAR-denominated sukuk program, the Ministry of Finance said in a statement today, Jan. 20, 2021.
The issue size was set at SR2.96 billion ($790 million), and the sukuk issuances were divided into two tranches as follows:
- The first tranche, with a size of SR2.08 billion and a total tranche size of SR2.08 billion, matures in 2028.
- The second tranche, with a size of SR880 million and a total tranche size of SR880 million, matures in 2033.

Topics: Saudi Arabia Sukuk