PIF plans to issue 7-year USD-denominated sukuk: Report

The Public Investment Fund (PIF) intends to offer a seven-year dollar-denominated sukuk, Reuters reported, citing a document.

The sovereign wealth fund assigned Goldman Sachs, HSBC and Standard Chartered to arrange investor meetings.

According to data available on Argaam, the PIF successfully priced its first dollar-denominated sukuk in tranches of five- and 10-years last October, amounting to $3.5 billion (more than SAR 13 billion).