Middle-east Arab News Opinion | Asharq Al-awsat

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Saudi Arabia’s Sukuk Program Established

by Shuja Al-Baqmi | Jul 24, 2017 | Business

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...

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A Saudi man shows Saudi riyal banknotes at a money exchange shop in Riyadh. (Reuters)

Saudi Arabia Set to Raise $8 Billion in Debut Islamic Bond Sale

by Wael Mahdi | Apr 13, 2017 | Business

Khobar – Saudi Arabia will raise $8 billion (SAR30 billion) in its first global Islamic bond issue, with an order book from investors in excess of $33 billion (SAR123 billion). The government is selling the five-year sukuk tranche at 100 basis points over the...

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Saudi Aramco Pays Premium in Debut Sukuk Sale

by Wael Mahdi | Mar 30, 2017 | Business

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...