The National Debt Management Center announces that it has closed the August 2021 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The issuance size was set at SAR 11.358 Billion (eleven billion and three hundred fifty eight million).
The National Debt Management Center announces the closure of July 2023 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The total amount of all bids received was SAR 2.637Bn and the Total Amount Allocated was set at SAR 2.637Bn (Two billion and six hundred and thirty seven million Saudi Riyals)
The Sukuk issuance was divided into two tranches as follows:
The Sukuk issuances were divided into three tranches as follows:- The first tranche has a size of SAR 2.412 Bn (Two billion and four hundred and twelve million Saudi Riyals) maturing in (2033).
• The first tranche has a size of SAR 2.508 Billion (two billion and five hundred and eight million), matures in (2029).
• The second tranche has a size of SAR 4.485 Billion (four billion and four hundred and eighty five million), matures in (2033).
• The third tranche has a size of SAR 4.365 Billion (four billion and three hundred and sixty five million), matures in (2036).
*Numbers are rounded to the nearest decimal.
This issuance confirms the NDMC's statement on the mid of February 2023, that NDMC will continue, in accordance with the approved Annual Borrowing Plan, to consider additional funding activities subject to market conditions and through available funding channels locally or internationally. This is to ensure the Kingdom's continuous presence in debt markets and manage the debt repayments for the coming years while taking into account market movements and the government debt portfolio risk management