The Saudi Ministry of Finance announced the first public offering of sukuk for 30 years in the local market in the Kingdom.

The ministry, represented by the Office of Public Debt Management, said that the maturity of these sukuk in 2049 is more than 15 years more than the issue of last month, and 20 years compared to the 2018 versions. .

The Ministry finished receiving investor requests for its local issuance for the month of April 2019 under the program of the Kingdom's government bonds in Saudi riyals, where the size of the issue was determined with a total amount of 11.6 billion riyals.

The request for the issue made up approximately 80% of the total issue of the month of April, or the equivalent of 9.3 billion riyals.

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