IslamicFinance.de

It seems that Saudi Arabia is discussing with banks the issuing of a riyal-denominated Islamic bond. High-level talks are currently ongoing between the Saudi Arabian Monetary Agency (Sama) and a number of local and international banks with operations in the kingdom regarding the details, expecting an issue as early as the first quarter of next year.
The sukuk will not be launched directly by the government but will instead be marketed by either a governmental agency or a state fund.
The discussions with banks are focusing on the technicals of the issue, such as the tenor and whether the sukuk will have a fixed or floating profit rate.