The Islamic Development Bank of Saudi Arabia has set the price of its second and final issuances as part of its plan to mobilize financial resources.
The Saudi Press Agency reported the final price of issuance instruments by the bank was SR6.3 billion ($1.7 billion), due to five years of annual returns by 1.435 percent, as a part of the bank medium-term instruments program of SR93.7 billion ($25 billion).
The President of the Islamic Development Bank, Muhammed Sulaiman Al-Jassar, said he wanted to “thank investors” for trusting the institution during the recovery from the pandemic.