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الوئام
National Debt Authority issues $3.25B sukuk
The National Center for Debt Management in Saudi Arabia announced the successful issuance of international sukuk denominated in U.S. dollars, structured as Ijara (leasing), with a total value of $3.25 billion. The issuance attracted subscription and investor interest exceeding $16.5 billion, reflecting international investors' confidence in the Kingdom's economy. The sukuk were divided into two tranches: the first worth $1.25 billion with a five-year maturity, and the second worth $2 billion with a ten-year maturity. This initiative supports the Kingdom's strategy to diversify its investor base and secure developmental financing as part of its National Transformation Program. Additionally, this is the second issuance of its kind using the wakala (agency) structuring for Ijara, representing efforts by Saudi Arabia to expand its international financing tools and support sustainable economic growth.
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