RIYADH: Saudi Ministry of Finance announced the completion of receiving additional investors’ requests for issuance of local sukuk by re-opening its fourth IPO for the second time under Saudi Government local currency sukuk program.
The last initial public offering (IPO) was made in October. The total number of the new IPO applications for these Sukuks was approximately SR 10.325 billion.
The volume of re-opening of the issuance was set at a total amount of SR4.775 billion, with a coverage rate of 216 percent.
The additional issuance were divided into three tranches: First tranche with a value of SR 2.400 billion for sukuk payable in 2022, second tranche of SR 1.800 billion for Sukuk maturing in 2024, and third tranche of SR 0.575 billion payable in 2027.
Thus, the total value of the issuance (October 2017) becomes SR 21.455 billion.
Accordingly, the fourth issuance will be closed in full. The total value of the tranches is as follows: The first tranche is SR 7.600 billion, the second tranche is SR 6.680 billion and the third tranche is SR 7.175 billion.
Saudi Ministry of Finance issues local bonds in Riyadh
Saudi Ministry of Finance issues local bonds in Riyadh
KSrelief distributes cartons of dates in Jundiai, Brazil
- The center distributed 1,480 food baskets to the displaced and other vulnerable groups, including persons with disabilities, women, and the elderly, in Kassala State in Sudan, benefiting 10,360 individuals, representing 1,480 families
JUNDIAI: The King Salman Humanitarian Aid and Relief Center has distributed 1,600 cartons of dates in Jundiai, Sao Paulo, Brazil, benefiting 200 families, including host community members, refugees, and immigrants. This initiative is part of a project to distribute 200 tonnes of dates in Brazil in 2026.
The center also distributed 1,504 cartons of dates to the most vulnerable families in Brazil’s Mogi das Cruzes, benefiting 188 families from the host community, refugees, and migrants, as part of a project to distribute 200 tonnes of dates in the Latin American country.
This initiative is part of the many relief and humanitarian projects provided by the Kingdom through its humanitarian arm, KSrelief, to support those affected by disasters worldwide.
Elsewhere, the center distributed 1,480 food baskets to the displaced and other vulnerable groups, including persons with disabilities, women, and the elderly, in Kassala State in Sudan, benefiting 10,360 individuals, representing 1,480 families.
