NDMC closes September issuance of Sukuk program at SAR 2.6B

Logo of The National Debt Management Center (NDMC)

The National Debt Management Center (NDMC) completed today, Sept. 17, receiving investor orders for its domestic issuance for September, under the Saudi Arabian Government SAR-denominated Sukuk Program.

The total volume allocated was SAR 2.603 billion, it said in a statement.

The Sukuk issuance was divided into six tranches. The first is valued at SAR 255 million maturing in 2027; the second is worth SAR 375 million, maturing in 2029; the third amounted to SAR 638 million and will mature in 2031; the fourth is worth SAR 1.021 billion, maturing in 2034, the fifth tranche is worth SAR 202 million, maturing in 2036 and the sixth tranche is worth SAR 112 million, maturing in 2039.