Saudi Arabia opens August ‘Sah’ sukuk with 4.7% annual return
Saudi Arabia has opened subscriptions for its August “Sah” savings sukuk, offering a fixed annual return of 4.70 percent, up from 4.60 percent in the previous month’s issuance. The subscription window opened at 10 a.m. Saudi time on Aug. 2 and will close at 3 p.m. on Aug. 4, according to the National Debt Management Center. The Shariah-compliant sukuk is denominated in Saudi riyals, carries a one-year maturity, […]
IsDB Group to bring together ministers from 57 member countries
The Islamic Development Bank (IsDB) Group is set to host its 2023 IsDB Group Annual Meetings in Jeddah from May 10 to 13 bringing together a large spectrum of stakeholders, including ministers from the 57 member countries. Held under the patronage of The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, […]