NDMC closes July Sukuk Program at SAR 5.3B

Logo of National Debt Management Center (NDMC)

The National Debt Management Center (NDMC) closed investor orders for its July domestic issuance under the Saudi Arabian Government SAR-denominated Sukuk Program, allocating a total of SAR 5.3 billion, the center said in a statement on July 22.

 

The issuance was divided into five tranches. The first, valued at SAR 3.8 billion, will mature in 2031. The second totaled SAR 515 million and will mature in 2033.

 

The third tranche amounted to SAR 204 million and will mature in 2036, while the fourth and fifth totaled SAR 300 million and SAR 500 million, maturing in 2039 and 2041, respectively.

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