Saudi Arabia’s Government Issues USD 164 Million Worth of Local Sukuk in November 2021

Kingdom of Saudi Arabia’s (KSA) National Debt Management Center (NDMC) said in a statement that the country’s government had offered SAR-denominated Sukuk amounting to SAR 614.2 million (USD 164 million) for its November issuance.

Why it Matters?

For the previous 10 months, the KSA collected a total of SAR 74.2 billion (USD 19.8 billion) in Sukuk issuances. With the latest offer, the country has secured a total value of SAR 74.8 billion (USD 19.9 billion) of financing from Sukuk.

Details

Saudi Arabia's Ministry of Finance (MoF), acting through NDMC, announced the introduction of an unlimited SAR-denominated Sukuk Issuance Programme in an Information Memorandum dated the 20th of July 2017. This memorandum w...