Saudi Arabia Weighs Selling Dollar Sukuk as Soon as October
- Sale would come weeks after the attacks on Aramco facilities
- Kingdom has raised $10.9 billion on global markets this year
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Saudi Arabia is considering selling a dollar-denominated Islamic bond as early as next month as the kingdom seeks to take advantage of lower borrowing costs, according to people with knowledge of the matter.
The government is close to hiring banks for the possible sukuk, the people said, asking not to be identified because the information is private. A spokesman for the Finance Ministry didn’t immediately respond to requests to comment.