Economic / The closing of the November 2020 offering of the Kingdom’s local sukuk program in Saudi riyals
Friday 12/4/1442 AH corresponding to 11/27/2020 AD, SPA
Riyadh, Rabi` al-Akhir 12, 1442 AH, corresponding to November 27, 2020 AD, SPA
The National Debt Management Center announced the completion of receiving investor requests for its local issuance for the month of November 2020 AD under the Kingdom of Saudi Arabia’s government sukuk program in Saudi riyals, where the size of the issuance was determined at a total amount of 795 million Saudi riyals (seven hundred and ninety-five million Saudi riyals).
The issuances were divided into two tranches, the first amounting to 200 million Saudi riyals, making the final size of the tranche 982.6 million Saudi riyals of sukuk maturing in the year 2027 AD.
While the second tranche amounted to 595 million Saudi riyals, bringing the final size of the tranche to 14,561 billion Saudi riyals of sukuk maturing in the year 2030 AD.
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