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September Sukuk Issuance Reaches 1.64B Riyals
The National Center for Debt Management announced the closing of the September 2026 tranche of Saudi local sukuk, with a total value of 1.64 billion riyals. The issuance was divided into six tranches with maturities ranging from 2029 to 2041, the largest of which was valued at 705 million riyals for sukuk maturing in 2041. The purpose of these sukuk is to finance government needs in accordance with the Kingdom's local sukuk issuance program, with distribution aimed at meeting liquidity requirements over the coming decades.
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