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Debt Management Center concludes September sukuk sale

Debt Management Center concludes September sukuk sale

The National Center for Debt Management in Saudi Arabia announced the completion of a local sukuk issuance for September 2026, with a total value of 1.64 billion riyals. The issuance was divided into six tranches with various maturity periods between 2029 and 2041. The allocated amount through these tranches includes up to 205 million riyals maturing in 2029, 650 million riyals in 2031, and other smaller tranches, with the final one amounting to 705 million riyals maturing in 2041. The issuance aims to meet government financing needs within the sukuk program, with careful distribution of maturities to ensure diversification of funding sources and risk reduction.

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