The Ministry of Finance, the Saudi Arabian Monetary Authority (SAMA), and the Capital Market Authority (CMA) are in talks to finalize the issuance of retail sukuk, Al-Eqtisadiah newspaper reported, citing Finance Minister Mohammed Al-Jadaan.

 

The issuances of the private offering, which will be from banks to individuals, will be announced through the ministry’s General Debt Unit in the coming weeks, he added.

 

Meanwhile, Al-Jadaan said the ministry has paid all dues presented to it by the private sector, and that there are no payments pending at this time.

 

Last week, a royal decree ordered an inventory of all delayed payments to the private sector, urging a careful study of outstanding dues in order to expedite clearance of payments.

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