Investors Remain Confident of Saudi Arabia’s Sukuk Amidst Tough Economic Conditions

April 14, 2020

The Ministry of Finance of Saudi Arabia has announced the conclusion of SAR-denominated Sukuk Program for the month of March 2020. This issuance was made under three tranches with a size set at SAR 15.568 billion. The three tranches of this Sukuk are expected to mature in a period of 5 years to 30 years. 

According to the IslamicMarkets Sukuk Monitor, the first tranche issued under this program has a size of SAR 170 million and a total tranche size of SAR 2.743 billion, maturing in 2025. The second tranche that matures in 2030 has a size of SAR 450 million, and a total tranche size of SAR 8.346 billion. Meanwhile the third tranche has a total tranche size of SAR 14.894 billion, maturing in 2050.