Closure of January 2021 Issuance under Saudi Arabian Government SAR-denominated Sukuk Program

Closure of January 2021 Issuance under Saudi Arabian Government SAR-denominated Sukuk Program

Riyadh, January 20, 2021, SPA -- The National Debt Management Center has announced that it has closed the January 2021 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The issuance size was set at SAR 2,955 billion (two billion and nine hundred fifty-five million SAR).

The Center said that the Sukuk issuances were divided into two tranches as follows:

The first tranche has a size of SAR 2,075 billion (two billion and seventy-five million SAR) and a total tranche size of SAR 2,075 billion (two billion and seventy-five million SAR), matures in 2028.

The second tranche has a size of SAR 880 million (eight hundred eighty million SAR), and a total tranche size of SAR 880 million (eight hundred eighty million SAR), matures in 2033.

--SPA

15:50 LOCAL TIME 12:50 GMT

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