Riyadh – Mubasher: Around SAR 204.39 billion in Saudi government debt instruments will be listed and begin trading on the Saudi Stock Exchange (Tadawul) on Sunday.
The debt instruments are denominated in Saudi riyals.
All kinds of investors, including qualified foreign ones, are entitled to take part in the buying and selling of these government instruments during the daily trading session, which commences at 11:30 am Saudi time and concludes at 3:00 pm.
The instruments include float-rate debt instruments, fixed-rate debt instruments, as well as sukuk, according to previous statement by the Saudi Capital Market Authority (CMA).
The listing of the debt instruments comes as part of the Saudi Ministry of Finance’s initiatives to develop and support the local debt market as part of the Saudi Vision 2030.
The listing and trading of these instruments comes as part of the CMA’s and Tadawul’s attempts to support and expand the investor base as well as to market government issuances among investors and achieve liquidity for holders of debt instruments.
The move further aims to facilitate the quick sale debt instruments, which would allow investors to diversify their income resources.
