Saudi Arabia Closes SAR 8.495 Billion Sukuk: Ministry of Finance

June 30, 2020 | Updated at June 30, 2020

A statement issued by Saudi Arabia’s Ministry of Finance (MoF) on the 28th of June 2020, confirmed the closure of the MoF’s SAR 8.495 billion (USD 2.27 billion) Sukuk issuance under the Saudi Arabian Government SAR-denominated Sukuk programme. The next Sukuk issuance by the MoF is scheduled for the 22nd of July 2020.

The Sukuk issuances are divided into three tranches. According to the MoF, the first tranche of the Sukuk issuance is SAR 2.494 billion, with total tranche size at SAR 5.017 billion, set to mature in 2027.

The second tranche has a size of SAR 3.670 billion, with a total tranche size of SAR 13.966 billion, and a 2030 maturity.

The final tr...