Saudi Ministry of Finance issues local bonds in Riyadh

Saudi Ministry of Finance issues local bonds in Riyadh (AFP)
Updated 25 December 2017

Saudi Ministry of Finance issues local bonds in Riyadh

RIYADH: Saudi Ministry of Finance announced the completion of receiving additional investors’ requests for issuance of local sukuk by re-opening its fourth IPO for the second time under Saudi Government local currency sukuk program.
The last initial public offering (IPO) was made in October. The total number of the new IPO applications for these Sukuks was approximately SR 10.325 billion.
The volume of re-opening of the issuance was set at a total amount of SR4.775 billion, with a coverage rate of 216 percent.
The additional issuance were divided into three tranches: First tranche with a value of SR 2.400 billion for sukuk payable in 2022, second tranche of SR 1.800 billion for Sukuk maturing in 2024, and third tranche of SR 0.575 billion payable in 2027.
Thus, the total value of the issuance (October 2017) becomes SR 21.455 billion.
Accordingly, the fourth issuance will be closed in full. The total value of the tranches is as follows: The first tranche is SR 7.600 billion, the second tranche is SR 6.680 billion and the third tranche is SR 7.175 billion.


Saudi center for disease prevention signs agreement with Swedish agency

Updated 16 December 2019

Saudi center for disease prevention signs agreement with Swedish agency

  • The two parties agreed to promote and develop public health initiatives of common concern

RIYADH: The National Center for Disease Prevention and Control has signed a cooperation agreement with the Public Health Agency of Sweden.

The agreement will strengthen ties and enhance cooperation between the two countries in public health within the framework of cooperation prepared in 2019.

On behalf of the center, Dr. Abdullah Al-Gwizani, executive director-general, signed the agreement with his Swedish counterpart, Dr. Johan Carlsson.

The two parties agreed to promote and develop public health initiatives of common concern, as well as outlining the fields of work covered.

These fields included the workforce, organizational development, institutional strategy, business planning, specialized microbiology laboratories, health economics, non-communicable disease prevention, promotion of healthy lifestyles, the monitoring of communicable and non-communicable diseases, and health improvement.

Dr. Al-Gwizani said that the agreement would last for five years. It would then be reviewed and renewed after the agreement of both parties.

“These agreements reinforce the center’s role in creating new health practices and developing the performance of the public health sector,” he said. “Benefiting from well-established organizations such as the Public Health Agency of Sweden confirms our eagerness to convey the best practices to the public health sector locally, as well as exchanging experiences.”