NDMC Concludes November 2024 Sukuk Issuance Under SAR-Denominated Program.

Riyadh: The National Debt Management Center (NDMC) announced the closure of the November 2024 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The total amount allocated was set at SAR 3.415 billion. According to Saudi Press Agency, the Sukuk issuance was divided into five tranches. The first tranche amounted to SAR 2.524 billion, maturing in 2029. The second tranche was SAR 434 million, with a maturity date set for 2031. The third tranche involved SAR 137 million, maturing in 2034. The fourth tranche was SAR 10 million and is set to mature in 2036. Finally, the fifth tranche was SAR 310 million, maturing in 2039.