sukuk
The minister highlighted the country's interest in strengthening economic and financial cooperation
An over-subscription of 2.5 times demonstrates investor trust in the lender
Aramco will now be able to capitalize on recent declines in global interest rates
Issuance was divided into three tranches
Capitalizing on investor confidence amidst significant changes in economic strategy
Strong investor demand enabled the kingdom to tighten pricing by lowering yields
Kingdom attracts Saudi investors, advances capital market, and maintains fiscal stability
UAE's COP28 year saw $7.95 billion in debut sustainable debt issuances
Bonds and sukuk issued in 2023 amounted to $2 billion
2024 global sukuk issuance could range between $160 bn and $170 bn
S&P Global expects issuances to reach between $160-170 billion in 2024
