Saudi Aramco on Monday began its first dollar-denominated Islamic bond sale, state media said, as the energy giant seeks to raise cash to fund its hefty dividend payments. The sale of sukuk, or Islamic bonds compliant with the Muslim faith, will end on June 17, the official Saudi Press Agency said, without specifying how much cash Aramco is seeking to raise. The sale comes after two previous bond offerings that were not compliant with Islamic law -- a debut $12 billion sale in 2019 and an $8 billion offering in November last year. The company is raising money to help pay an annual dividend of $75 billion, a key revenue source for the Saudi government, Aramco's biggest
Hence then, the article about saudi aramco in debut islamic bond sale was published today ( ) and is available onThe New Arab ( Kuwait ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Saudi Aramco in debut Islamic bond sale )