24 Hrs
Source:
الاقتصادية
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Saudi Arabia raises $3.25 billion via sukuk issuance
Saudi Arabia has completed an international issuance of government sukuk denominated in U.S. dollars as part of its program to issue sukuk based on the Ijara (leasing) structure. The total issuance amounted to $3.25 billion, divided into two tranches with maturities of 5 and 10 years. The subscription requests exceeded the offered amount by about five times, reaching $16.5 billion. This strong international demand reflects investors' confidence in the strength of the Saudi economy and the promising investment opportunities in the country. The initiative aims to expand the investor base and strengthen Saudi Arabia’s presence in global debt markets.
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