NDMC closes October issuance of Sukuk program at SAR 7.8B

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

The total volume allocated was SAR 7.83 billion, it said in a statement.

The Sukuk issuance was divided into five tranches. The first is valued at SAR 823 million maturing in 2029; the second is worth SAR 320 million, maturing in 2031; the third amounted to SAR 2.18 billion and will mature in 2034; the fourth is worth SAR 1.43 billion, maturing in 2036, the fifth tranche is worth SAR 3.07 billion, maturing in 2039.