Return on 2nd round of Sukuk (Sah) is 5.63%

Today, subscriptions to the second round of Saha savings bonds began with a return of 5.63%, which is slightly lower than the return of the first round, which had a return of 5.64%. The total subscription value in the first round reached 861 million riyals for the benefit of 30,000 citizens. In the second round, subscription was made available through electronic channels for participating financial institutions.

The “Sah” product, which was launched by the Ministry of Finance and the National Debt Management Center, comes within the initiatives of the Financial Sector Development Program (one of the Saudi Vision 2030 programs) aimed at raising savings rates among individuals by motivating them to deduct a portion of their income periodically and allocate it to saving, in addition to increasing The supply of savings products, enriching financial culture, and raising awareness of the importance of saving and its benefits for planning future goals.

The financial institutions participating in the offering are: Al-Ahli Financial Company, Al-Jazira Financial Company, Alinma Investment Company, Al-Awal Investment Company, and Al-Rajhi Financial Company. The maximum subscription is 200 thousand riyals (200 instruments), and the minimum is 1,000 riyals (one instrument).