Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Saudi Arabia Raises 8.495 Bln Riyals in Islamic Bonds

A general view of Riyadh, Saudi Arabia. (AFP)

Saudi Arabia has raised 8.495 billion riyals ($2.27 billion) in sukuk, or Islamic bonds, in June, the Finance Ministry said on Sunday.

The first tranche of the sukuk issue is 2.494 billion riyals, and the total tranche size is 5.017 billion riyals, maturing in 2027, a ministry statement said.

The second tranche has a size of 3.670 billion riyals, and a total tranche size of 13.966 billion riyals, maturing in 2030.

The third tranche has a size of 2.331 billion riyals, and a total tranche size of 10.569 billion riyals, maturing in 2035.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.