The Ministry of Finance and the National Debt Management Center signed agreements with Albilad Investment Company, AlJazira Capital Company, Al Rajhi Capital Company, Derayah Financial Company, and Saudi Fransi Capital Company to appoint them as primary dealers for distributing the government's local debt instruments. These institutions will join five other local institutions-Saudi National Bank, Saudi Awwal Bank (SAB), AlJazira Bank, Alinma Bank, and AlRajhi Bank-and five international institutions-BNP Paribas, Citigroup, Goldman Sachs, J.P. Morgan, and Standard Chartered Bank. The agreements affirm the National Debt Management Center's role in enhancing and sustaining access to local debt markets by diversifying the investor base. It is noteworthy that applications for subscription in the primary market for the government's local debt instruments are submitted to the National Debt Management Center through the appointed primary dealers on a scheduled monthly basis, with these dealers receiving the applic ations submitted by investors. Source: Saudi Press Agency