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Saudi Aramco announces the start of the issuance of international sukuk denominated in US dollars
Economy,
Jun 07.2021 at Macca 12:11
The Saudi Arabian Oil Company “Saudi Aramco” announced the start of offering sukuk under its International Sukuk Issuance Program (Trust Certificate Issuance Program), on 10/26/1442 AH corresponding to 6/7 2021 AD, and ending on 7/11/1442 AH corresponding to 6/17/2021 AH. / 2021 AD.
Aramco clarified that the sukuk are compatible with the provisions of Islamic Sharia and in US dollars, provided that the value of the offering is determined according to market conditions, noting that the target group of the issuance are the investors from the qualified institutions in the countries where the offering will take place; This is in accordance with the laws and regulations in force in those countries