ZAWYA-NEWS: Saudi’s iOud sukuk issuance raises $13.32mln

ALBILAD SOVEREIGN SUKUK ETF
ALINMA GOVERNMENT SUKUK ETF

ALBILAD SOVEREIGN SUKUK ETF

9403.SA

0.00

ALINMA GOVERNMENT SUKUK ETF

9404.SA

0.00

First published: 21-May-2026 09:14:24

Staff Writer

Saudi-listed Intelligent Oud for Trading Company (iOud) has raised SAR 50 million ($13.32 million) in its latest sukuk issuance.

The Series 1 offering under the company’s SAR 300 million sukuk programme, saw exceptionally high demand with a subscription coverage of 179.35%.

Structured using an Islamic finance Mudaraba/Murabaha format, the sukuk offers a fixed return rate of 10.5% per annum, to be paid out to investors semi-annually. 

The issuance was subscribed to by institutional, qualified and retail investors.

(Writing by Cleofe Maceda; editing by Seban Scaria) seban.scaria@lseg.com

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.  

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.