Saudi accounts for the lion’s share of GCC debt in 1Q
Saudi debt issuances were down 19.7% y-o-y in 1Q
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Saudi debt issuances were down 19.7% y-o-y in 1Q
This is the firm’s first sukuk tranche under a SAR 500 mn program
Proceeds are earmarked to buy back convertible bonds
Interest costs hit a 17-year high, reaching 3.3% of GDP in 2024
The first major sale could potentially come as early as this year
PLUS: Cenomi Centers to issue up to SAR 3.75 bn in sukuk
The facility runs until 23 March 2030.
The new rules will be up for public consultation until Wednesday, 23 April.
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