Islamic Finance 

Saudi Arabia sells 1.285 billion riyals sukuk in monthly issue

| 30 December, 2018
Saudi Arabia sells 1.285 billion riyals sukuk in monthly issue
A Saudi money changer displays Saudi Riyal banknotes at a currency exchange shop in Riyadh, Saudi Arabia July 27, 2017. REUTERS/Faisal Al Nasser

DECEMBER 30, 2018 | 5:41AM EST | DUBAI

Saudi Arabia’s Finance Ministry has issued 1.285 billion riyals ($343 million) of domestic Islamic bonds in a tap of a sukuk issue that was originally made in October under its monthly issuance programme, the ministry said on Sunday.

The tap brought total issuance of the October sukuk up to 6.535 billion riyals: 2.730 billion riyals of five-year sukuk, 1.435 billion riyals of seven-year and 2.370 billion riyals of 10-year.

(Reporting by Andrew Torchia; Writing by Tuqa Khalid; Editing by Andrew Torchia)

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