Saudi Arabia is looking to raise money through the sale of dollar-denominated sukuk to fund Crown Prince Mohammed bin Salman’s economic diversification drive. The country is tapping the debt markets with a three-part dollar sukuk sale, following a $12 billion deal in January, the biggest in years. This move aims to cover an expected fiscal shortfall of about $21 billion this year.
Four Saudi Arabian companies have drawn a combined $176 billion in orders for their initial public offerings https://t.co/lEpDt2wrZ4 via @julia_fioretti https://t.co/v7KV6BJcex
Saudi Arabia is reportedly trying to plug a $21 billion deficit by selling bonds https://t.co/2BnhhUE8Xf
Four Saudi IPOs draw a combined $176 billion in orders from fund managers, underscoring the strong demand for share sales in the kingdom https://t.co/iJjsdHqB5t
🇸🇦Saudi Arabia Taps Debt Markets With Three-Part Dollar Sukuk Sale Saudi Arabia is tapping the debt market as it works to find alternative sources of funding to help cover an expected fiscal shortfall of about $21 billion this year. The country has said total funding activities…
#SaudiArabia Taps Debt Markets With Three-Part Dollar Sukuk Offering follows $12 billion deal in January, biggest in years #OOTT https://t.co/F3ejlwcCFw
Saudi Arabia is looking to raise money through the sale of dollar-denominated sukuk, as it seeks to fund spending on Crown Prince Mohammed bin Salman’s economic diversification drive https://t.co/l6DE9woyvn