The Ministry of Finance announced that the total value of its local issuance (07-2018) under the Saudi Riyal Sukuk program has reached SAR 4.000 billion, bringing the total issuance size to SAR 7.465 billion.

The Ministry of Finance announced the completion of receiving additional investor applications for the issuance, explaining that the issuance was divided into three tranches. <The Ministry indicated the completion of receiving additional investor requests for the issuance, explaining that the issuance was divided into three tranches as follows: The first tranche is SAR 250.2 billion for Sukuk maturing in 2023, the second tranche is SAR 0.500 billion for Sukuk maturing in 2025, and the third tranche is SAR 1.250 billion maturing in 2028.

The Ministry indicated that the issuance was divided into three tranches.