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NDMC closes June 2023 issuance under the Saudi SAR-denominated Sukuk Program

The National Debt Management Center announces the closure of June 2023 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The total amount of all bids received was SAR 7.437 Bn and the Total Amount Allocated was set at SAR 2.505 Bn (Tow billion and five hundred and five million Saudi Riyals).

The Sukuk issuance was divided into two tranches as follows: The first tranche has a size of SAR 662 Mn ( Six hundred and sixty two million Saudi Riyals) maturing in (2030). The second tranche has a size of SAR 1.843 Bn (One billion and eight hundred and forty three million Saudi Riyals) maturing in (2035).

Link: https://www.zawya.com/en/islamic-economy/islamic-finance/ndmc-closes-june-2023-issuance-under-the-saudi-sar-denominated-sukuk-program-eozjbppq

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