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Sukuk issuance reaches 9.518 billion riyals
The National Center for Debt Management announced the completion of a local government bond issuance for August 2026, totaling a gross value of 9.518 billion riyals. The issuance was divided into five tranches, with maturities ranging from 2031 to 2041. The first tranche was valued at 1.55 billion riyals, maturing in 2031, while the largest tranche was worth 4.064 billion riyals, maturing in 2039. The aim of this issuance is to finance the government's financial needs through a variety of debt instruments with different maturities.
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