Saudi Arabia closes February $840m sukuk program

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Wed, 2021-02-17 21:58

JEDDAH: The Saudi National Debt Management Center said on Wednesday that it has closed the February 2021 issuance under the government’s riyal-denominated sukuk program.

The issuance size was fixed at SR3.16 billion ($840 million), the Ministry of Finance said in a statement.

Sukuk issuances were divided into two tranches, with the first of SR1.930 billion set to mature in 2028. The second tranche of SR1.230 billion is scheduled to mature in 2033.