The company is raising money to help pay an annual dividend of $75 billion, a key revenue source for the Saudi government, Aramco's biggest shareholder.
It sold the sukuk at 110 basis points (bps) over mid-swaps, tightened from initial guidance of around 135 basis points over mid-swaps.
DIB, a regular issuer in the international debt market, raised $500 million in April in a sukuk sale that set a record low rate for Additional Tier 1 (AT1) deals from the region.
The sale comes after two previous bond offerings that were not compliant with Islamic law -- a debut $12 billion sale in 2019 and an $8 billion offering in November last year.
Aramco was widely expected to become a regular bond issuer after its debut $12 billion bond deal in 2019 was followed by an $8 billion, five-part transaction in November last year.
The energy giant is expected to raise up to $5 billion and the deal, which would be through sukuk, or Islamic bonds, is expected in the next few weeks.