The Ministry of Finance announces that it has closed the fourth domestic Sukuk issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The subscription applications for these Sukuk were almost SAR 32 Billion whilst the issuance size was set at SAR 10 Billion, resulting in 320% coverage ratio.
The Sukuk issuances were divided into three tranches as follows:
- The first tranche has a size of SAR 4.150 billion and matures in 2022G.
- The second tranche has a size of SAR 1.350 billion and matures in 2024G.
- The third tranche has a size of SAR 4.500 billion and matures in 2027G