Closure of the February 2020 Issuance under the Saudi Arabian Government SAR-denominated Sukuk Program

Riyadh, The Ministry of Finance announces that it has closed the February 2020 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The issuance size was set at SAR 4.496 billion.The Sukuk issuances were divided into two tranches...

Riyadh, The Ministry of Finance announces that it has closed the February 2020 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The issuance size was set at SAR 4.496 billion.

The Sukuk issuances were divided into two tranches as follows:

- The first tranche has a size of SAR 508 million and a total tranche size of SAR 1.223 billion, matures in 2027.

- The second tranche has a size of SAR 3.988 billion, and a total tranche size of SAR 3.988 billion, matures in 2035.

Source: Saudi Press Agency