NDMC closes August issuance of Sukuk program at SAR 6B

Logo of The National Debt Management Center

The National Debt Management Center (NDMC) completed today, Aug. 20, receiving investor orders for its domestic issuance for August, under the Saudi Arabian Government SAR-denominated Sukuk Program.

The total volume allocated was SAR 6.018 billion, it said in a statement.

The Sukuk issuance was divided into five tranches. The first is valued at SAR 2.818 billion maturing in 2029; the second is worth SAR 1.992 billion, maturing in 2031; the third amounted to SAR 152 million and will mature in 2034; the fourth is worth SAR 415 million, maturing in 2036 and the fifth tranche is worth SAR 642 million, maturing in 2039.