Saudi's NDMC closes September issuance of Sukuk program at SAR 1.7 bln

Logo of the National Debt Management Center

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

The issuance size was set at SAR 1.70 billion, with the total orders amounting to nearly SAR 7.38 billion, NDMC said in a statement.

The issuance is divided into three tranches, the first is valued at SAR 201 million, maturing in 2027. The second is valued at SAR 700 million and will mature in 2032. The last tranche is valued at SAR 800 million, maturing in 2037.