NDMC closes July issuance of Sukuk program at SAR 3.2B

Logo of The National Debt Management Center

The National Debt Management Center completed today, July 23, receiving investor orders for its domestic issuance for July, under the Saudi Arabian Government SAR-denominated Sukuk Program.

The total volume of subscription applications amounted to around SAR 3.211 billion, while the total volume allocated was SAR 3.211 billion, it said in a statement.

The Sukuk issuance was divided into five tranches. The first is valued at SAR 612 million maturing in 2029; the second is worth SAR 159 million, maturing in 2031; the third amounted to SAR 961 million and will mature in 2034; the fourth is worth SAR 1.253 billion, maturing in 2036 and the fifth tranche is worth SAR 226 million, maturing in 2039.