NDMC closes December issuance of Sukuk program at SAR 11.6B

Logo of The National Debt Management Center (NDMC)

The National Debt Management Center (NDMC) completed receiving investor orders for its domestic issuance for December 2024, under the Saudi Arabian Government SAR-denominated Sukuk Program.

The total volume allocated was SAR 11.598 billion, NDMC said in a statement.

The Sukuk issuance was divided into four tranches.

The first is valued at SAR 5.585 billion maturing in 2027; the second is worth SAR 3.907 billion, maturing in 2029; the third amounted to SAR 706 million and will mature in 2031 and the fourth is worth SAR 1.4 billion, maturing in 2034.