SRMG subsidiary buys SAR 300 mln Saudi Government sukuk
Saudi Research and Media Group’s (SRMG) subsidiary Scientific Works Holding Co. purchased Saudi Government sukuk today, Dec. 30, with a nominal value of SAR 300 million.
The transaction value will be funded from SRMG’s operations, the company said in a statement to Tadawul.
The financial impact is expected to appear starting from H1 2022.
There are no related parties, the statement noted.