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Tadawul cancels 1.3b Riyal government debt listing
The Saudi Tadawul (Stock Exchange) announced the cancellation of the listing of a government debt issuance worth 1.3 billion Saudi Riyals, due to the expiration of this issuance's validity period. This issuance had been previously issued and falls under the category of government debt instruments managed by the Saudi Ministry of Finance. This action is part of the routine regulatory procedures for managing public debt instruments, where listings are automatically canceled upon maturity, and the principal amount is paid back to investors. This reflects the ongoing activity of the sukuk and bond market in Saudi Arabia, along with the Ministry of Finance’s commitment to repayment schedules and transparency in financial operations. Such measures bolster investor confidence and demonstrate the strength and diversity of the Kingdom's sovereign debt market.
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