The Debt management office (DMO) - Ministry of Finance has reduced the par value of sukuk (Islamic bonds) issued by government to SAR 1,000 (USD 267) from SAR 1mn earlier. The step has been taken to encourage wider participation of retail investors by facilitating them with greater access to the bond market.
The lower par value will enable finance industry to create wide range of products suiting different investment needs of retail investors with varied maturity profiles that can replace bulk repayment of principal and interests in millions with more evenly spread payments that can provide smoothened cash flow profiles for borrowers.
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Saudi Arabia opens up Islamic bonds to retail investors
May 09, 2019
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Saudi Arabia opens up Islamic bonds to retail investors
May 09, 2019
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