FinMin raises SAR 5.3 bn in July sukuk sale

Saudi Arabia raised SAR 5.35 bn through its July domestic sukuk issuance under the SAR-denominated Government Sukuk program, according to a press release from the National Debt Management Center. The offering was split across five tranches maturing between 2031 and 2041.

Most demand went to shorter maturities: The largest tranche, which matures in 2031, totaled SAR 3.83 bn and accounted for more than 70% of the total allocation. The remaining tranches comprised SAR 515 mn due in 2033, SAR 204 mn in 2036, SAR 300 mn in 2039, and SAR 500 mn in 2041.