Saudi Arabia opens July ‘Sah’ savings sukuk issuance with 4.60% return

JEDDAH: Saudi Arabia has opened subscriptions for its July “Sah” savings sukuk, offering retail investors a fixed annual return of 4.60 percent through the digital channels of accredited financial institutions. The subscription period began at 10 a.m. Saudi time on July 6 and will close at 3 p.m. on July 7, according to the National Debt Management Center. As with previous offerings, the Shariah-compliant sukuk is denominated in Saudi riyals, has a one-year maturity, and pays a fixed return at maturity.

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