Riyadh: The National Debt Management Center (NDMC) has announced the successful closure of the January 2025 issuance under the Saudi Government SAR-denominated Sukuk Program. The total allocation for this issuance was SAR 3.724 billion, reflecting the ongoing commitment to manage the Kingdom's debt portfolio.
According to Saudi Press Agency, the Sukuk issuance was structured into four distinct tranches. The first tranche accounted for SAR 1.255 billion and is scheduled to mature in 2029. The second tranche, amounting to SAR 1.405 billion, will reach maturity in 2032.
The third tranche was issued at SAR 1.036 billion, with a maturity date set for 2036. The final tranche, considerably smaller in size, was SAR 28 million and is expected to mature in 2039. This strategic division into multiple tranches allows the NDMC to align its financial operations with long-term fiscal plans.