sukuk

Saudi Arabia has completed its riyal-denominated sukuk issuance for May at SR3.23 billion ($860 million), according to the National Debt Management Center. In April, Saudi Arabia issued sukuk amounting to SR7.39 billion, while it was…
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The global sukuk market linked to environmental, social, and governance principles is expected to exceed $50 billion in the next two years driven by funding diversification goals. According to Fitch Ratings, other factors catalyzing the…
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Saudi Arabia has completed its riyal-denominated sukuk issuance for April at SR7.39 billion ($1.97 billion), representing a rise of 66.44 percent compared to the previous month. The National Debt Management Center revealed that the…
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Saudi Arabia has opened its third round of the subscription-based savings product, Sah, for April, offering a 5.59 percent return, encouraging financial stability and growth among citizens. The Shariah-compliant, government-backed sukuk…
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The UAE’s treasury sukuk auction received bids totaling 7.83 billion dirhams ($2.13 billion), signaling a promising trajectory for the country’s financial landscape. Represented by its Ministry of Finance and supported by the state’s…
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Abu Dhabi sovereign wealth fund Mubadala Investment Co. has picked banks for its debut 10-year sukuk, a document seen by Reuters on Monday showed. Mubadala, through its unit Mamoura Diversified Global Holding, has appointed ADCB, First…
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Saudi Arabia concluded its riyal-denominated sukuk issuance above the $1 billion mark for the fourth consecutive month in March, government data showed. The Kingdom’s National Debt Management Center revealed three tranches of the…
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Saudi residents can once again boost their savings rates with the commencement of the second round of subscriptions for the savings product “Sah” on March 3. The Shariah-compliant, government-backed sukuk offers a return of 5.63 percent,…
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Saudi Arabia concluded its riyal-denominated sukuk issuance above the $2 billion mark for the third consecutive month in February, official data showed. According to the National Debt Management Center, the Kingdom closed its issuance…
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Saudi Arabia’s sukuk and bond issuances rose 2.8 percent year on year in value by the end of the final quarter of 2023, reaching about SR758.8 billion ($202.34 billion), data issued by the Saudi Exchange showed. A recent Tadawul report…
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