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Islamic Bonds Archives - ASHARQ AL-AWSAT English Archive 2005 -2017
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Saudi Arabia’s Sukuk Program Established

Saudi Arabia’s Sukuk Program Established

Riyadh- The Debt Management Office (DMO) announced on Sunday the establishment of the local currency Islamic bonds program, after banks fulfilled requirements that qualify them to participate. Saudi Arabia’s ministry of finance – acting through the Debt...
Saudi Aramco Pays Premium in Debut Sukuk Sale

Saudi Aramco Pays Premium in Debut Sukuk Sale

Khobar- Saudi Aramco, the world’s largest oil producer, is paying a significant premium to the government and to its previous borrowing in its first sale of Islamic bonds. Aramco is offering seven-year, riyal-denominated sukuk at 25 basis points (bps) over the...