The Public Investment Fund (PIF) of Saudi Arabia has revealed pricing details for its first-ever dollar-denominated sukuk issuance, amounting to $3.5B. This sukuk offering, split into two tranches, is set to be listed on the London Stock Exchange’s International Securities Market (ISM). It garnered remarkable investor interest, with orders significantly surpassing the issuance amount, underscoring the strong confidence in PIF’s financial position.
