Thu, 2023-02-16 13:57
RIYADH: Saudi Arabia’s National Debt Management Center has closed the issuance of SR3.65 billion ($980 million) riyal-denominated sukuk for February 2023, according to an official statement.
The statement released by NDMC noted that the sukuk was divided into two tranches, with the first at SR3.22 billion, set to mature in 2031.
The second tranche for February was SR433 million, which will mature in 2037.
Also called an Islamic bond, sukuk is a debt product issued according to Shariah or Islamic laws.
Main category:
Business & Economy
