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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
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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
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...Caption:
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...Caption:
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
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...Caption:
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