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Saudi Arabia sells $5.5 Billion in Dual-tranche Sukuk Sale on Strong Demand
Saudi Arabia continues to assert its position as a financial powerhouse in international markets, as its latest issuance of dollar-denominated Islamic bonds, or sukuk, witnessed remarkable success, confirming investor confidence in the Kingdom’s economy. Despite challenges facing international financial markets, Saudi Arabia has raised $5.5 billion from the sale of sukuk on strong demand. [...]