RIYADH: Saudi stock exchange’s sukuk issuance grew 5 percent to SR512 billion ($136 billion) in the second quarter of 2022, from SR488 billion in the prior quarter.
This is up from SR423 billion in the same period last year, according to statistics by the Capital Market Authority.
Despite the growth in issuance, the total value traded decreased by 85 percent to SR699 million during the quarter, compared to SR4.8 billion in the first quarter.
With the listing of two new sukuk as well as one delisting, the total number of listed sukuk and bonds reached 83 by June end.
“Despite global market headwinds, the Saudi capital market has developed significant forward momentum. I am confident in our ability to continue to grow and develop a leading capital market as the gateway to the MENA region,” said Mohammed Al Rumaih, CEO of the bourse.
