Saudi Aramco said that the size of the international sukuk issuance witnessed wide demand, as the demand volume reached 6 times the targeted issuance volume.
The company explained, in a statement today, Thursday, that the two tranches were priced positively, achieving a negative issuance premium for the new sukuk, which reflects the strength of Saudi Aramco’s credit position.
Ziad Al-Marshed, Executive Vice President and Chief Financial Officer of Saudi Aramco, said that the issuance of these sukuk was an opportunity to reach out to a broader base of investors, following the great demand witnessed by Saudi Aramco’s issuance of bonds in July 2024.
He added that the high demand for it was a reflection of Saudi Aramco’s unique financial solvency, which is based on its competitive advantage and reliable record of achieving financial flexibility across various market cycles.
Aramco has completed the issuance of international bonds, worth $3 billion, equivalent to 11.25 billion riyals.
