Saudi Arabia Macroeconomic Developments
- Saudi Arabia’s non-oil exports, including re-exports, grew 4.4 percent in February YoY. According to the General Authority for Statistics (GAStat), the total value of this sector reached SAR21.86 billion ($5.83 billion), a rise from SAR20.93 billion ($5.6 billion) YoY.
- Saudi Arabia completed its riyal-denominated sukuk issuance for April at SAR7.39 billion ($1.97 billion), representing a rise of 66.4 percent MoM. The first tranche, valued at SAR2.35 billion ($627 million), is set to mature in 2029, while the second one amounting to SAR1.64 billion ($437 million) is due in 2031. The third tranche totaled SAR3.51 billion ($936 million) and will mature in 2036.
