Saudi Exchange Approves $12.08 Billion in Government Debt Instruments
Saudi Arabia’s stock exchange has approved the listing of one dollar 12.08 billion in government debt instruments. The listings have commenced trading as of May 27. Saudi Arabia has also completed SR3.23 billion in sukuk issuance for May, continuing its strong performance in debt markets.
Saudi Arabia’s stock exchange, Tadawul, has approved the listing of SR45.28 billion (one dollar 12.08 billion) worth of government debt instruments submitted by the Ministry of Finance.
The exchange approved increasing a debt issuance dated April 7 from SR15.98 billion to SR17.63 billion and another dated April 1 from SR29.29 billion to SR38.53 billion.
Trading began on these instruments on May 27.
Earlier, on May 23, the exchange approved the listing of SR18.84 billion in Saudi government debt instruments for trading starting May 27.
Additionally, Saudi Arabia completed its May sukuk issuance at SR3.23 billion, divided into two tranches maturing in 2029 and 2026.
Global credit agencies like S&P Global and Fitch Ratings have projected strong growth in sukuk issuance, with Saudi Arabia playing a crucial role.
The exchange approved increasing a debt issuance dated April 7 from SR15.98 billion to SR17.63 billion and another dated April 1 from SR29.29 billion to SR38.53 billion.
Trading began on these instruments on May 27.
Earlier, on May 23, the exchange approved the listing of SR18.84 billion in Saudi government debt instruments for trading starting May 27.
Additionally, Saudi Arabia completed its May sukuk issuance at SR3.23 billion, divided into two tranches maturing in 2029 and 2026.
Global credit agencies like S&P Global and Fitch Ratings have projected strong growth in sukuk issuance, with Saudi Arabia playing a crucial role.
Translation:
Translated by AI
