Saudi Arabia’s NDMC closes May sukuk issuance at $1.15bn

RIYADH: Saudi Arabia’s National Debt Management Center has closed the issuance of SR4.33 billion ($1.15 billion) riyal-denominated sukuk in May.

The sukuk issuance was divided into two tranches. The first tranche was SR1.3 billion maturing in 2033, while the second was SR3.03 billion maturing in 2037, NDMC said in a statement issued on Tuesday.