Wednesday, 08 December 2021 04:41 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.

MENAFN1909201700450000ID1095875957


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.