The Primary Dealers Program in the government's local debt instruments consists of seventeen local and international financial institutions. The subscription applications in the government's local debt instruments primary market are submitted to the National Debt Management Center through the appointed primary dealers on a scheduled monthly basis (after the appointed dealers receive the applications submitted by investors).
This Program enables financial institutions to participate in the development of the financial sector in Saudi Arabia in accordance with vision 2030 objectives. This is achieved by expanding the investor base in the primary market and supporting the development of the secondary market by increasing the liquidity in government securities. In addition to their extensive expertise, the Primary Dealers have high potential to greatly help in developing the local debt market in Saudi Arabia.
