Saudi Aramco raised $3 billion through its dollar Sukuk bond sale, its first such deal since a 2021 debut. The transaction is split between dollar-denominated benchmarks of five and 10-years that comply with Islamic rules,

State oil giant Saudi Aramco has raised $3 billion from two-part Islamic bonds, or sukuk, tapping the debt markets for the second time this year as it expects to pay huge dividends, mainly to the government.

Saudi Arabia’s state-run oil behemoth started the sale of a second round of international bonds just two months after it raised $6 billion, the latest deal in the kingdom’s debt spree this year.