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Tap offering for the First time under the Saudi Arabian Government SAR-denominated Sukuk Program - sixth local Sukuk Issuance

May 28, 2018, 1:34:37 PM GMT+3 Economics News

Riyadh - SPA

The Ministry of Finance announces that it has completed a tap issuance of the 2018-04 issuance for the First time under the Saudi Arabian Government SAR-denominated Sukuk Program. The tap issuance size was set at SAR3.950 Billion. This brings the total amount
of the 2018-04 issuance to SAR 8.950 Billion.
The further Sukuk issued were divided into three tranches as follows:
- The first tranche has a size of SAR 3.350 billion and matures in 2023.
- The second tranche has a size of SAR 0.350 billion and matures in 2025.
- The third tranche has a size of SAR 0.250 billion and matures in 2028.

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