- Sukuk issuance aims to strengthen financial position and finance international expansion
- Major financial institutions to act as joint bookrunners, attracting global institutional investors
Riyadh, Saudi Arabia – Energy juggernaut Saudi Aramco has announced its intention to issue a US Dollar-denominated sukuk, a Shariah-compliant bond, under the Trust Certificate Issuance Program of its subsidiary, SA Global Sukuk Limited. According to the sukuk filing, the size of the issuance will depend on investor demand and prevailing market conditions at the time of the offering.
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