Riyadh: The National Debt Management Center (NDMC) announced the completion of an early redemption of a portion of the Ministry of Finance’s outstanding sukuk, which were scheduled to mature between 2026 and 2030. The total value of the repurchased sukuk is approximately SAR17.1 billion, complemented by the issuance of new sukuk amounting to about SAR17.2 billion.
According to Saudi Press Agency, this initiative is part of NDMC’s ongoing strategy to strengthen the domestic debt market and manage government debt obligations along with future maturities effectively. It is also aligned with broader efforts to enhance and optimize public finances over the medium and long term.
The new sukuk issuance has been structured into five tranches, collectively valued at approximately SAR17.2 billion. The first tranche, worth approximately SAR1.45 billion, will mature in 2031. The second tranche amounts to around SAR1.62 billion, maturing in 2033. The third tranche, the largest, is approximately SAR10.55 billion and is set to mature in 2036. The fourth tranche is about SAR1.74 billion, with a maturity date in 2039, while the fifth and final tranche is approximately SAR1.80 billion, maturing in 2041.
The Ministry of Finance, in collaboration with NDMC, has appointed HSBC Saudi Arabia, SNB Capital, Al Rajhi Capital, Aljazira Capital, and Alinma Capital as Joint Lead Managers for this transaction.