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Saudi Arabia raises 5.755 bln riyals in local sukuk -statement

Reuters | Riyadh | Updated: 15-05-2020 01:08 IST | Created: 15-05-2020 00:11 IST
Saudi Arabia raises 5.755 bln riyals in local sukuk -statement
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Saudi Arabia has raised 5.755 billion riyals ($1.53 billion) in sukuk, or Islamic bonds, the Finance Ministry said on Thursday.

The first tranche of the sukuk issue is 3.8 billion riyals, and the total tranche size is 6.549 billion, maturing in 2025, a ministry statement said.

The second tranche has a size of 1.95 billion riyals, and a total tranche size of 10.296 billion, maturing in 2030.



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