24 Hrs
Source:
المشهد العربي
Saudi banks surpass 30bn riyals in sukuk issues
Saudi banks listed on the Tadawul stock market have issued sukuk totaling more than 30.75 billion Saudi riyals (8.20 billion US dollars) since the beginning of the year. These include Tier 1 sukuk and social bank issuances. The values of these sukuk ranged from 1.46 billion riyals to 10 billion riyals, with annual returns between 6.15% and 6.625%. The issuances are distributed between the riyal and the dollar, with sukuk denominated in riyals amounting to 16.31 billion riyals, and those in dollars totaling 3.85 billion USD (approximately 14.43 billion riyals).
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