Riyadh, The Ministry of Finance announces that it has completed a tap issuance of the (07-2018)
issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The tap issuance size was set at SAR 4.000 Billion. This brings the total amount of the (07-2018) issuance to SAR 7.465 Billion.
The Sukuk issued were divided into three tranches as follows:
- The first tranche has a size of SAR 2.250 billion and matures in 2023.
- The second tranche has a size of SAR 0.500 billion and matures in 2025.
- The third tranche has a size of SAR 1.250 billion and matures in 2028.
Source: Saudi Press Agency