Saudi finance minister says debt issues to include sukuk as well as bonds

Saudi Arabia’s finance minister told reporters that the kingdom’s debt issues will not be limited to bonds, but will be followed by other instruments like sukuk.

Ibrahim Alassaf, speaking at a joint press conference with IMF Managing Director Christine Lagarde in Riyadh, also said that growth forecasts for Saudi Arabia by the International Monetary Fund are “reasonable.”

The IMF expects Saudi economic growth to bottom out at 1.2 percent this year, rebounding to 2.0 percent in 2017.

Reuters

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