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The Ministry of Finance announced the completion of the receipt of local investor requests (07-2018) as part of the Saudi government's sukuk program in Saudi Riyal, for a total of of 3.465 billion Saudi riyals.
Three installments are as follows: First installment: RS 2.11 billion for sukuk payable in 2023, second installment of RS 0.96 billion for sukuk payable in 2025 and third installment of SR 0.403 billion for Sukuk in 2028. [19659002] The Public Debt Management Bureau of the Ministry of Finance announced that the first issue was by Bernam The main distributors for the distribution of Sukuk sukuk of the Saudi government's program were on Sunday 22 July 2018.
The Bureau explained that the global version of best practices was auctioned on an electronic platform, allowing more than 20 investors belonging to financial institutions
The five financial institutions that were appointed as primary dealers participated in the issue: National Commercial Bank, Saudi British Bank, Aljazira Bank, Samba Financial Group and Bank of Dubai. Development
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