Saudi ‘Sah’ savings product second round opens, offering 5.63% return
- Date: 03-Mar-2024
- Source: Arab News
- Sector:Real Estate
- Country:Saudi Arabia
Saudi ‘Sah’ savings product second round opens, offering 5.63% return
RIYADH: Saudi residents can once again boost their savings rates with the commencement of the second round of subscriptions for the savings product “Sah” on March 3.
The Shariah-compliant, government-backed sukuk offers a return of 5.63 percent, and redemption amounts are scheduled to be paid within a year, as disclosed by the National Debt Management Center in a release on X.
These sukuk are issued by the Ministry of Finance and organized by the NDMC. Saudi ‘Sah’ savings product second round opens, offering 5.63% return