NDMC closes February issuance of Sukuk program at SAR 7.87B

Logo of National Debt Management Center (NDMC)

The National Debt Management Center (NDMC) completed receiving investor orders for its domestic issuance for February 2024, under the Saudi Arabian Government SAR-denominated Sukuk Program.

 

The total amount allocated stood at SAR 7.874 billion, NDMC said in a statement today, Feb. 13. 

 

The issuance is divided into three tranches. The first is valued at SAR 1.18 billion, maturing in 2029, the second is worth SAR 2.720 billion and will mature in 2034, while the third is worth SAR 3.973 billion and will mature in 2039. 

 

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