The issuance received significant interest from international investors, with the orderbook peaking at U.S.$ 52 billion (equivalent to SAR 195 billion). The issuance is expected to settle on or about 17 April 2018.
*This announcement is not being made in and copies of it may not be distributed or sent into the United States, Canada, Australia or Japan. This press release does not constitute an offer in the Kingdom of Saudi Arabia or any other countries, of the securities mentioned above. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The Kingdom of Saudi Arabia does not intend to register any of the securities in the United States or to conduct a public offering of the securities in the United States. The securities will be offered in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act and outside the United States pursuant to Regulation S under the Securities Act.
The Ministry of Finance signed today, February 25, 2020 a Memorandum of Understanding (MOU) with Korea Trade Insurance Corporation (K-SURE), at the Ministry’s headquarters in Riyadh city. In signing the MOU, the Ministry of Finance is represented by Mr. Fahad A. Al-Saif, President of National Debt Management Center (NDMC) - MOF, while K-SURE is represented by Mr. Lee In-ho, Chairman & President of K-SURE.