| 4 March 2024, Monday |

Saudi Aramco mandates banks for inaugural dollar sukuk

According to a document released on Monday, Saudi Aramco has recruited a wide group of banks to arrange its first issue of US dollar-denominated sukuk, as it seeks funds to meet enormous commitments to its biggest shareholder, the Saudi government.

According to a letter from one of the banks, the banks will begin holding fixed income investor calls on Monday. Sukuk will be issued in three-, five-, and ten-year tranches, depending on market conditions.

  • Reuters