Arab News, Saturday, Oct 23, 2021 | Rabi Al-Awwal 16, 1443
Islamic Development Bank announces its final issuances
Saudi Arabia: The Islamic Development Bank of Saudi Arabia has
announced the price of its second and final issuances as part of its plan to
mobilize financial resources.
The Saudi Press Agency reported the final price of issuance instruments by the
bank was SR6.3 billion ($1.7 billion), due to five years of annual returns by
1.435 percent, as a part of the bank medium-term instruments program of SR93.7
billion ($25 billion).
The President of the Islamic Development Bank, Muhammed Sulaiman Al-Jassar, said
he wanted to "thank investors" for trusting the institution during the recovery
from the pandemic.