Saudi Real Estate Refinance Co. issues $200m sukuk

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Reuters
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ID: 
1552477939174255800
Wed, 2019-03-13 11:50

RIYADH: Government-owned Saudi Real Estate Refinance Co. (SRC) said on Wednesday it had completed a 750-million-riyal ($200 million) sukuk issue with multiple tenors, the first transaction by a non-sovereign issuer in Saudi Arabia in 2019.
The issuance comes under a program SRC established in December that allows it to issue up to 11 billion riyals of local currency-denominated Islamic bonds.

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