NDMC closes November issuance of Sukuk program at SAR 2.7 bln

21/11/2023 Argaam

NDMC closes November issuance of Sukuk program at SAR 2.7 bln

Logo of National Debt Management Center (NDMC)

The National Debt Management Center (NDMC) completed receiving investor orders for its domestic issuance for November 2023, under the Saudi Arabian Government SAR-denominated Sukuk Program.

 

The total amount allocated stood at SAR 2.667 billion, NDMC said in a statement today, Nov. 21.

 

The issuance is divided into two tranches. The first is valued at SAR 1.999 billion, maturing in 2031, while the second is worth SAR 668 million and will mature in 2035.

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