LONDON: º£½ÇÖ±²¥â€™s finance ministry announced on Saturday the closure of the August 2020 issuance of the government’s sukuk progam.
The first tranche of the sukuk, or Islamic bonds, has a size of 100 million riyals ($26.6 million) and a total tranche size of 6.125 billion riyals, maturing in 2028, the ministry said.
The second tranche of the sukuk has a size of 400 million riyals and a total tranche size of 13.515 billion riyals, maturing in 2035.
The issuance size of the sukuk program in August was set at 500 million riyals, the ministry said.
In June, º£½ÇÖ±²¥ raised 8.495 billion riyals in sukuk.
