Tadawul witnesses SAR 525.3 bln sukuk, bond issuances in 2022

19/02/2023 Argaam Special
The Kingdom of Saudi Arabia's flag

The Kingdom of Saudi Arabia's flag


Saudi-listed sukuk and bond issuances registered a 3% quarter-on-quarter (QoQ) rise in total value by the end of Q4 2022, reaching about SAR 525.3 billion, the Saudi Exchange (Tadawul) said in its Q4 2022 Debt Market report.

 

By end of Q4 2022, total trading value surged 62% to nearly SAR 4.01 billion from about SAR 2.47 billion in Q3 2022.

 

Tadawul witnessed 4,236 transactions during the three-month period, compared to 525 deals in Q3 2022, a hike of 707%.

 

Tadawul witnessed a 4% retreat in the total number of issuances of listed sukuk and bond in Q4 2022 to 74 issuances from 77 issuances in Q3 2022.

 

The following is a table showing the performance of Saudi-listed sukuk and bond issuances in volume since Q1 2020:

 

Volume of Listed Sukuk and Bond Issuances

Period

Value

(SAR bln)

Change

(SAR bln)

QoQ Change

Q1 2020

358.00

--

--

Q2

392.20

+34.2

+10%

Q3

393.43

+1.2

+0.3%

Q4

387.84

(5.6)

(1%)

Q1 2021

399.92

+12.1

+3%

Q2

423.25

+23.3

+6%

Q3

451.70

+28.5

+7%

Q4

461.37

+9.7

+2%

Q1 2022

488.00

+26.6

+6%

Q2

512.36

+24.4

+5%

Q3

511.25

(1.1)

(0.2%)

Q4

525.32

+14.1

+3%

 

 

The value of listed government sukuk and bonds at the end of Q4 2022 represented about 95.9% of the total issuance of sukuk and bonds, amounting to about SAR 503.9 billion.

 

Meanwhile, sukuk and bonds of listed companies accounted for 4.1% (SAR 21.4 billion), as shown in the table below:

 

Volume of Listed Sukuk and Bond Issuances by Type

Period

Listed Government Sukuk and Bonds

Sukuk and Bonds of Listed Companies

Value

(SAR bln)

Percentage-to-total

Value

(SAR bln)

Percentage-to-total

Q1 2020

334.9

93.5 %

23.1

6.5%

Q2

369.6

94.2 %

22.6

5.8%

Q3

370.8

94.2 %

22.6

5.8%

Q4

365.7

94.3 %

22.1

5.7%

Q1 2021

377.8

94.5 %

22.1

5.5%

Q2

401.3

94.8 %

22.0

5.2%

Q3

429.7

95.1 %

22.0

4.9%

Q4

439.8

95.3 %

21.6

4.7%

Q1 2022

466.4

95.6 %

21.6

4.4%

Q2

496.8

97.0 %

15.6

3.0%

Q3

499.6

97.7 %

11.7

2.3%

Q4

503.9

95.9 %

21.4

4.1%

 

Saudis owned debt instruments worth about SAR 519 billion, representing 98.8% of the total debt instruments, as the following table shows:

 

Ownership by Nationality

Nationality

Value

(SAR bln)

Percentage-to-total

Saudis

518.95

98.8%

Foreigners

4.83

0.9%

GCC

1.54

0.3%

Total

525.32

100%

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