Saudi Arabia closes $2.2bn June sukuk program

Saudi Arabia’s National Debt Management Center on Tuesday closed the June 2021 issuance for the government’s Saudi riyal-denominated sukuk; valued at SR8.265 billion ($2.20 billion); as the Kingdom continued to embrace the capital debt market. The sukuk — or Islamic bonds — were divided into three tranches. The first amounted to SR2.755 billion and will...

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