Sovereign

Sovereign

NEW SOVEREIGN SUKUK Saudi Arabia will float domestic Sukuk in both November and December 2017, according to the Debt Management Office (DMO). The Kingdom may also issue a new US dollar-denominated international Sukuk or bond facility in the first...


Sovereign

Sovereign

FISCAL DEFICIT EXPECTED TO NARROW FURTHER Saudi Arabia’s fiscal deficit is expected to contract further in the second half (H2) of 2017 due to a surge in increased hydrocarbon revenue from the higher average oil price observed to date and...


Sovereign

Sovereign

RAM Ratings downgrades Saudi Arabia to ‘gAA3(pi)/Stable’ from ‘gAA2(pi)/Negative’ on the back of steep fiscal and current account deterioration Former finance minister Ibrahim al-Assaf confirms Kingdom may include Sukuk in its future...