Saudi Arabia Overwhelmingly Subscribes to Sukuk Issuance

Saudi Arabia successfully raised $5.5 billion through a dual-tranche dollar sukuk issuance, maturing in 2030 and 2035, which attracted an overwhelming $19 billion in bids—3.5 times the issuance size. The sukuk, structured in compliance with Islamic law, was coordinated by major global banks including Citigroup, HSBC, JPMorgan, and Standard Chartered, aiming to diversify the Kingdom’s investor base. 

Source: AGBI