Closure of the fourth local Sukuk offering under the Saudi Arabian Government SAR-denominated Sukuk Program 23/10/2017

​The Ministry of Finance announces that it has closed the fourth domestic Sukuk issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The subscription applications for these Sukuk were almost SAR 32 Billion whilst the issuance size was set at SAR 10 Billion, resulting in 320% coverage ratio.

 

The Sukuk issuances were divided into three tranches as follows:

    -  The first tranche has a size of SAR 4.150 billion and matures in 2022G.

    -  The second tranche has a size of SAR 1.350 billion and matures in 2024G.

    -  The third tranche has a size of SAR 4.500 billion and matures in 2027G

​

23/10/2017
Last Modified Date: At Saudi Arabia Time
Was this page useful?
Yes
No

: 0 / 280

Please select at least one option.
(Read Only)

: 0 / 250

For more information you may review e-participation statement and rules of engagment

: 0 / 280

Please select at least one option.
(Read Only)

: 0 / 250

For more information you may review e-participation statement and rules of engagment