Saudi Arabia releases 17.2bn riyals in new sukuk
Saudi Arabia announced the issuance of new local sukuk worth approximately 17.2 billion riyals after completing an early buyback of part of the Ministry of Finance's obligations, which total around 17.1 billion riyals. The issuance focused on five maturity segments due in 2031, 2033, 2036, 2039, and 2041, with some major financial institutions jointly managing them. This measure aims to strengthen the domestic market and manage government debt commitments to support the country's public finances in the long term.
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