Saudi Arabia’s energy giant, Saudi Aramco, has started sales of its first dollar-denominated Islamic bond as it seeks to raise cash to pay out $75 billion in dividends. The official Saudi Press Agency said that the sale of sukuk, or Islamic bonds compliant with the Muslim faith, will end on June 17. The agency did not specify how much cash Aramco is seeking to raise. The company is offering sukuk due in three, five and 10 years, unnamed sources familiar with the matter told Bloomberg. 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 i
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