NDMC launches SAR 60.3 B Sukuk offering

The National Debt Management Center (NDMC) announced the successful completion of early repurchase of a portion of the issuer's outstanding maturities for 2025, 2026, 2027, 2028, and 2029, with a total value of nearly SAR 60.4 billion. In addition, new Sukuk were issued with a total value of around SAR 60.3 billion.

According to NDMC statement, the new Sukuk issuances were divided into five tranches, with the following total values:

The first tranche: valued at SAR 21.5 billion, maturing in 2032

The second tranche: valued at SAR 1.8 billion, maturing in 2035

The third tranche: valued at SAR 14.2 billion, maturing in 2036

The fourth tranche: valued at SAR 5.9 billion, maturing in 2039

The fifth tranche: valued at SAR 16.9 billion, maturing in 2040

This initiative reflects NDMC’s ongoing efforts to strengthen the local market and enhance its role in managing government debt liabilities and future maturities.

It also aims to ensure that the NDMC’s efforts are aligned with other initiatives to support the Kingdom’s medium- and long-term public financial sustainability.

The statement indicated that the Ministry of Finance (the issuer) and the NDMC jointly appointed HSBC Saudi Arabia, SNB Capital, Al Rajhi Capital, Aljazira Capital, and Alinma Investment as joint lead managers for this issuance.