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NDMC closes the July 2023 issuance under Saudi govt SAR-denominated sukuk program

The National Debt Management Center announces the closure of July 2023 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program.

The total amount of all bids received was SAR 2.637Bn. The total amount allocated was set at SAR 2.637Bn (Two billion and six hundred and thirty-seven million Saudi Riyals).

The Sukuk issuance was divided into two tranches as follows:

– The first tranche has a size of SAR 2.412 Bn (Two billion and four hundred and twelve million Saudi Riyals) maturing in (2033).

– The second tranche has a size of SAR 225 Mn (Two hundred and twenty-five million Saudi Riyals) maturing in (2037).

Link: https://www.zawya.com/en/islamic-economy/islamic-finance/ndmc-closes-the-july-2023-issuance-under-saudi-govt-sar-denominated-sukuk-program-op66hs6h

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