Monday 29, October 2018 by Kudakwashe

Saudi sells $866.44 million in domestic Sukuk

 

The Islamic bonds were divided into three tranches of five, seven and 10 years.

Saudi Arabia’s ministry of finance has announced that the Kingdom sold SAR 3.25 billion ($866.44 million) of local currency Sukuk.

The Kingdom raised SAR 2.33 billion in five-year Sukuk, SAR 360 million with a seven-year maturity and SAR 560 million riyals with a 10-year maturity, reported Reuters.

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