Saudi Arabia opens October ‘Sah’ sukuk with 5% annual return

RIYADH: Saudi Arabia opened subscriptions for its October “Sah” savings sukuk with a 5 percent annual return, giving individual investors a higher yield than the previous month’s offering.

The subscription window opened at 10 a. m. Saudi time on Oct. 4 and will close at 3 p. m. on Oct. 6, according to the National Debt Management Center, or NDMC. The October return is 20 basis points higher than the 4. 80 percent…