Saudi Arabia closes March domestic sukuk program at $2.05bn

Published 17 Mar,2021 via Arab News - Economy RIYADH - Saudi Arabia’s National Debt Management Center closed on Tuesday its local issuance for March, 2021 of the Kingdom’s sukuk, or Islamic bonds, program at a total of SR7.674 billion ($2.05 billion), Saudi state news agency SPA said.

The issuance was divided into two tranches, the first amounting to SR2.710 billion maturing in 2028, while the second amounted to SR4.964 billion maturing in 2031.

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