The Ministry of Finance announces that it has closed the January 2020 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The issuance size was set at SAR 6.720 million.
The Sukuk issuances were divided into two tranches as follows:
- The first tranche has a size of SAR 715 million and a total tranche size of SAR 715 billion, matures in 2027.
- The second tranche has a size of SAR 6.005 billion, and a total tranche size of SAR 7.842 billion, matures in 2030.