News Saudi Arabia closes its March sukuk issuance at $1.18bn

RIYADH: Saudi Arabia concluded its riyal-denominated sukuk issuance above the $1 billion mark for the fourth consecutive month in March, government data showed. 

The Kingdom’s National Debt Management Center revealed three tranches of the Shariah-compliant debt product were closed at SR4.44 billion ($1.18 billion). 

It was in November that Saudi Arabia’s sukuk issuance dropped below the $1 billion mark at SR2.66 billion.

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