sukuk
Issuance comes after Aramco raised $6 billion from its first bond issuance in three years in July
GCC fixed income markets saw $75.5 billion in primary issuances during this period
Saudi Arabia saw record high net foreign investments, which rose 7.7 percent annually to $52.78 billion in 2023
Market sees surge in liquidity with a traded value of SAR2.5 billion in 2023
To cater to investors with different investment horizons, the issuance has been divided into three tranches
Aramco will now be able to capitalize on recent declines in global interest rates
Issuance was divided into three tranches
Kingdom attracts Saudi investors, advances capital market, and maintains fiscal stability
2024 global sukuk issuance could range between $160 bn and $170 bn
UAE and Saudi Arabia propel region's robust market performance
Total value of underwriting applications reached approximately $30 bn
The total volume of bids amounted to approximately SAR14.125 billion
Canceling commissions for trading sukuks and bonds contributes to market growth
