The Ministry of Finance received significant interest for the first international issuance of the Sukuk programme with an orderbook from investors in excess of U.S.$ 33 billion (equivalent to SAR 123.75 billion). The total amount of the issuance has been sized at U.S.$ 9 billion (equivalent to SAR 33.75 billion ). This consisted of two tranches of certificates, U.S.$ 4.5 billion (equivalent to SAR 16.875 billion) certificates maturing in 2022 and U.S.$ 4.5 billion (equivalent to SAR 16.875 billion) certificates maturing in 2027.
This reflects the strong fundamentals of the Saudi economy, and illustrates the DMO’s role as part of Vision 2030.