The issuance was offered in five and seven-year dual tenors, marking the final two tranches under its SAR20bn government-guaranteed sukuk programme
The sponsorship is part of SRC’s support for the development of Saudi Arabia’s thriving sports sector and key objectives of Vision 2030’s ‘Quality of Life Program’ to promote sporting activity
This is the sixth tranche under SRC’s upsized SAR20bn sukuk programme
The deal is the largest of its kind signed in the Saudi banking industry
The rates for mortgages shorter than 20 years remain the same