The National Debt Management Center (NDMC) issued a press release yesterday announcing that it closed the October issuance of sukuk program.

NDMC completed receiving investor orders for its domestic issuance for October 2024, under the Saudi Arabian Government SAR-Denominated Sukuk Program. The total volume allocated was SAR7.830 billion, it said in the statement.

The sukuk was divided into five tranches with varying maturities: SAR823 million (maturing in 2029), SAR320 million (maturing in 2031), SAR2.180 billion (maturing in 2034), SAR1.437 billion (maturing in 2036), and SAR3.070 billion (maturing in 2039).

Source: Saudi Press Agency