Saudi Sukuk issues accounted for more than a quarter of the global issuances of the Islamic bond market by the end of last year, amid a boom in Saudi riyal-denominated issuances during the last period.
The value of Saudi entities' issuance of sukuk - whether in hard or local currencies - amounted to about $ 201 billion by the end of 2022, recording a market share of 26.27 percent of the global market for sukuk. Riyal-denominated sukuk issuances accounted for up to $140 billion (525 billion riyals) and about $61 billion for foreign hard currency-denominated sukuk issuances issued by entities operating in Saudi Arabia.
Source (Al-Arabiya.net Website, Edited)
