Debt Capital Markets

Sovereign issuance continues to support local debt capital market

Lending and debt activity picked up in October as the fourth quarter rolled around and both the public and private sector look to soak up final funding before the year ends. With the sovereign leading the way in both international and domestic...


Debt Capital Markets

Slow quarter could see boost from overseas entrants

It has been a slow month for Saudi’s debt capital market, as the excitement of August’s sophomore sovereign local currency issuance fades away and the private sector shows few signs yet of returning to fill the gap for new issuance. Even...


Debt Capital Markets

Sovereign strength swells state coffers

The Saudi sovereign returned to the domestic market in August for the second time in four weeks, with a sophomore issuance that not only swelled state coffers but reasserted confidence in the strong liquidity of the Sukuk market. Subsequent moves...


Debt Capital Markets

Sovereign developments dominate as the private sector steps down for the summer

It has been another quiet month for corporate issuance in Saudi Arabia, with the riyal-denominated Sukuk program dominating the headlines as the private sector takes a break over the summer. However, a few quasi-sovereign deals have broken through...


Debt Capital Markets

Debt Capital Markets

SAUDI ISSUES DOMESTIC SUKUK
The Saudi government has issued a domestic Sukuk facility worth SAR17 billion (US$4.53 billion). The auction was the first of an unlimited Saudi riyal-denominated Sukuk program.

MA’ADEN SIGNS MOU WITH...


Debt Capital Markets

Debt Capital Markets

SAPTCO OBTAINS MURABAHAH FINANCING Saudi Public Transportation Company (SAPTCO) has obtained a Murabahah credit facility from Al Rajhi Bank for a total amount of SAR125 million (US$33.31 million). The credit is covered by a promissory note and...


Debt Capital Markets

A slow month for Sukuk but the sovereign sector still looks promising

It’s been a quiet month for debt capital issuance in Saudi Arabia (and across the region) as the market slowed down for the summer and Eid turned thoughts to more holy matters. However, we have still seen activity in the bank financing sector as...


Debt Capital Markets

Saudi could return to local debt market this year; new mortgage plans boost lending market

The vice minister of economy and planning, Mohammed Al Tuwaijri, has confirmed that the government could return to the domestic debt market this year to raise upwards of SAR70 billion (US$18.6 billion). The state budget deficit will be funded by...


Debt Capital Markets

Debt Capital Markets

SAPTCO OBTAINS FINANCING Saudi Public Transportation Company (SAPTCO) has obtained a Murabahah credit facility from Al Rajhi Bank for a total amount of SAR125 million (US$33.31 million), according to a bourse filing. The credit is covered by a...


Debt Capital Markets

Debt Capital Markets

SAUDI’S SUKUK RATED ‘A+’ Fitch has announced a final rating of ‘A+’ to Saudi Arabia’s US dollar-denominated sovereign Sukuk issued earlier this month through KSA Sukuk, according to a press release. The rating is in line with the...