Saudi Arabia’s National Debt Management Center Closes SAR 3.09 Billion SAR-denominated Sukuk Issuance in Three Tranches    

Saudi Arabia’s National Debt Management Center (NDMC) has announced the closure of a SAR 3.09 billion (USD 824 million) SAR-denominated Sukuk issuance, under the Saudi Arabian Government SAR-denominated Sukuk Programme on the 23rd of August 2022.

Why it Matters?

The Sukuk received total bids of about SAR 5.08 billion (USD 1.4 billion). Three tranches made up the offering; the first tranche, worth SAR 1.69 billion (USD 450 million), with maturity expected in 2027, the second, worth SAR 1.3 billion (USD 346 million), maturing in 2030, and the third tranche, worth SAR 100 million (USD 26.6 million), set to mature in 2034.

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