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Saudi Arabia issues $1.94 bln in local sukuk

Published: Updated:

Saudi Arabia has completed a 7.27 billion riyal ($1.94 billion) sukuk, a Sharia-compliant bond, issuance under the Saudi Arabian Government SAR-denominated Sukuk Program, the Ministry of Finance said in a statement on Tuesday.

The notes are split into four tranches with maturities in 2025, 2030, 2034, and 2049.