PIF completes pricing $1.25B sukuk

The Public Investment Fund (PIF) announced the completion of pricing sukuk worth $1.25 billion (approximately SAR 4.7 billion).

The proceeds from the dollar-denominated sukuk issuance will be used for the fund's general purposes.

The seven-year sukuk was more than 6.5 times oversubscribed, with orders exceeding $9 billion (SAR 33.7 billion), the PIF said in a statement.
 

The sukuk will be listed on the London Stock Exchange’s International Securities Market as part of the PIF’s international sukuk issuance program.