NDMC finalizes early purchase, issuance of new Sukuk

Logo of National Debt Management Center (NDMC)

The National Debt Management Center (NDMC) announced the completion of an early purchase of a portion of the Ministry of Finance’s outstanding debt instruments maturing in 2024, 2025 and 2026 with a total value exceeding SAR 63.1 billion, in addition to issuance of new Sukuk with a total value around SAR 64.1 billion.

This initiative continues NDMC's efforts to strengthen the domestic market. It further enables NDMC to exercise its role in managing government debt obligations and future maturities. This will also align NDMC's effort with other initiatives to enhance the public fiscal in the medium and long term, the statement added.

NDMC divided the new Sukuk issuances into three tranches with a total value of around SAR 64.1 billion.

- The first tranche amount is about SAR 16 billion, maturing in 2031.

- The second tranche amount is about SAR 29.3 billion, maturing in 2034.

- The third tranche amount is about SAR 18.8 billion, maturing in 2039.

The Ministry of Finance and NDMC have appointed HSBC Saudi Arabia, Al Rajhi Capital, SNB Capital, AlJazira Capital and Alinma Investment as joint lead managers.