Middle-east Arab News Opinion | Asharq Al-awsat

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Saudi minister of finance Mohammed al-Jadaan gestures during the 2017 budget news conference in Riyadh, Saudi Arabia December 22, 2016. REUTERS/Faisal Al Nasser

Saudi Finance Minister: Significant Progress in Implementing Economic Reforms

by Asharq Al-Awsat | Oct 12, 2017 | Business

Riyadh- In a speech at the Saudi Investment Forum hosted by J.P. Morgan in New York on Tuesday, Minister of Finance Mohammed al-Jadaan lauded the Kingdom’s economic policy and its pivotal role in achieving the Saudi Vision 2030 in the light of the remarkable...

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A Saudi money changer displays Saudi Riyal banknotes at a currency exchange shop in Riyadh, Saudi Arabia July 27, 2017. (Reuters) 

Saudi Domestic Sukuk: Indication of Financial Solidity

by Shuja Al-Baqmi | Sep 20, 2017 | Business

Riyadh- The Saudi Finance Ministry announced on Monday that the third domestic sukuk issuance reached 350 percent in a record rate, while the first issuance was at 297 percent and the second at 300 percent. These figures indicate the solidity of the Saudi financial...

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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 view of a branch of Union National Bank along Khalid Bin Al-Waleed Road in Dubai January 4, 2012. REUTERS/Nikhil Monteiro

Dubai Repays $600 Million Sukuk Certificates

by Asharq Al-Awsat | May 7, 2017 | Business

Dubai – The Government of Dubai, acting through the Department of Finance (DOF), announced that the $600 million Sukuk Trust Certificates issued on 2 May 2012 under its $5 billion Trust Certificate Issuance Programme, reached maturity on 2 May 2017. Upon...

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The Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain, March 7, 2017. REUTERS/Hamad I Mohammed/File Photo

Saudi Aramco Raises $3 Billion with Debut Sukuk

by Fatah Al-Rahman Youssef | Apr 6, 2017 | Business

Riyadh-The sukuk market is expected to witness prosperity in the current year in which the Saudi government has commenced its first steps in the debut sukuk while Saudi Aramco is raising around $3 billion from its first issuance of sukuk. Relevant banks were assigned...