Finance Ministry closes SAR 15.43 bn domestic sukuk offering for March

FinMin raises SAR 15.4 bn with latest sukuk issuance

The Finance Ministry closed its SAR 15.43 bn domestic sukuk offering for March, according to a statement (pdf) from the National Debt Management Center. The issuance comes under the government’s SAR-denominated sukuk program.

The issuance was structured in six tranches:

• A 2029 tranche of SAR 1.15 bn at a yield of 4.68%;
• A 2031 tranche of SAR 11 mn at 4.82%;
• A 2033 tranche of SAR 365 mn at 5.00%;
• A 2036 tranche of SAR 3.45 bn 5.24%;
• A 2039 tranche of SAR 5.4 bn 5.42%;
• A 2041 tranche of SAR 5.1 bn at 5.63%.

Almunajem Foods buys regional rights to Doux and Supreme brands

Almunajem Foods has signed a EUR 20.5 mn agreement with French Poultry to acquire the intellectual property rights for two global brands, it said in a disclosure to Tadawul. The company bought the rights to the Doux and Supreme brands within the Kingdom, the GCC, and Yemen.