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.