The Ministry of Finance, through the Public Debt Management Office, announced that it has completed receiving investor applications for its second international issuance under the Government of Saudi Arabia's Sukuk program in US dollars as part of the Ministry of Finance's strategy to develop Sharia-compliant capital markets.

The Ministry of Finance announced that it has completed receiving investor applications for its second international issuance under the Sukuk program. The size of the issuance was set at a total amount of USD 2 billion for Sukuk maturing in January 2029, and is expected to be settled on or around September 19, 2018.

The Ministry explained that the issuance size was set at a total amount of USD 2 billion for Sukuk maturing in January 2029.

This offering witnessed a large turnout by international investors, as the total number of subscription requests reached more than 10 billion US dollars, reflecting the strength and durability of the Saudi economy, which is considered a global investment powerhouse because of its safe haven for fixed income investors.

This reflects the strength and durability of the Saudi economy, which is considered a global investment powerhouse because it represents a safe haven for fixed income investors.

It is worth mentioning that the Public Debt Management Office in the Ministry of Finance established the International Sukuk Issuance Program in April 2017, and as part of this program, the office appointed a number of local and international investment banks to coordinate and arrange international Sukuk offerings denominated in US dollars within this program.

It is worth mentioning that the International Sukuk Issuance Program was established by the Public Debt Management Office in the Ministry of Finance in April 2017.