Ministry of Finance: The total amount of Sukuk subscription exceeded SAR 38 Billion riyals

The Ministry of Finance announces that it has closed the second domestic Sukuk issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The subscription applications for these Sukuk exceeded SAR 38 Billion whilst the issuance size was set at SAR 13 Billion, resulting in 295% coverage ratio.
The Sukuk issuances were divided into three tranches as follows: - the first tranche has a size of SAR 2.1 billion and matures in 2022G. - the second tranche has a size of SAR 7.7 billion and matures in 2024G. - the third tranche has a size of SAR 3.2 billion and matures in 2027G.