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Closure of April 2019 Issuance under Saudi Arabian Government SAR-denominated Sukuk Program

Riyadh, The Ministry of Finance announced that it has closed the April 2019 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The issuance size was set at SAR 11,619 billion.

The Sukuk issuances were divided into four tranches as follows:

- The first tranche has a size of SAR 0.768 billion, and a total tranche size of SAR 2.768 billion, matures in 2024.

- The second tranche has a size of SAR 0.918 billion, and a total tranche size of SAR 2,043 billion, matures in 2028.

- The third tranche has a size of SAR 0.686 billion, and a total tranche size of SAR 4.366 billion, matures in 2034.

- The fourth tranche has a size of SAR 9.247 billion and matures in 2049.

Source: Saudi Press Agency

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