Saudi Arabia sells SAR2.3bn in sukuk monthly issuance

The debt sale was split into three tranches



Saudi Arabia sold SAR2.3bn ($613m) in sukuk, or Islamic bonds, in its local monthly issue for July, the Finance Ministry said on Thursday.

The debt sale was split into three tranches of SAR1.4bn due in 2024, SAR258m due in 2028 and SAR588m maturing in 2034.