The National Debt Management Center announces the closure of October 2023 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The Total Amount Allocated was set at SAR 3.983 Bn (Three billion and nine hundred and eighty three million Saudi Riyals)
The Sukuk issuance was divided into two tranches as follows:
- The first tranche has a size of SAR 2.213 Bn (Two billion and Two hundred and thirteen million Saudi Riyals) maturing in (2030).
- The second tranche has a size of SAR 1.771Bn (One billion and seven hundred and seventy one million Saudi Riyals) maturing in (2033).
This issuance confirms the NDMC's statement on the mid of February 2022, 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
*Numbers are rounded to the nearest decimal.