Saudi issues USD1.87bn in new Islamic bond issue| MENAFN.COM

Sunday, 23 January 2022 09:31 GMT

Saudi issues USD1.87bn in new Islamic bond issue

(MENAFN) Saudi Arabia has raided USD1.87bn in a new Islamic bond issue as it bids to finance a budget deficit resulting from low oil prices.

In addition, the first two issues were made in April and July and were worth USD13.5bn.

Furthermore, the kingdom has predicted a budget deficit of USD53bn in the recent year, down from 2016 shortfall.


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