Saudi finance ministry sells 4.9b riyals of domestic sukuk

DUBAI: Saudi Arabia’s government sold 4.85 billion riyals (Dh4.74 billion; $1.29 billion) of domestic sukuk in a monthly sale by reopening an issue originally made in January, the Ministry of Finance said on Tuesday.

The ministry sold 2.60 billion riyals of five-year sukuk, 1.85 billion riyals of seven-year and 0.40 billion riyals of 10-year. Last month, the ministry sold 7.22 billion riyals of domestic sukuk. (Reuters)