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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Saudi Finance Ministry Closes Book on August Sukuk Issuance

Saudi Arabia's Ministry of Finance announced it has closed the March 2019 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The issuance size was set at SR6.075bn. (File photo/AP)

Saudi Arabia's Ministry of Finance announced closing the August 2019 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program.

The issuance size was set at SAR 2,261 billion.

The Ministry explained that the issuances were divided into three segments.

The first tranche has a size of SAR 1,415 billion, and a total tranche size of SAR 4,183 billion, matures in 2024. The second tranche has a size of SAR 258 million, and a total tranche size of SAR 2,628 billion, matures in 2028.

Meanwhile, the third tranche has a size of SAR 588 million, and a total tranche size of SAR 9,109 billion, matures in 2034.

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