NDMC closes December issuance of Sukuk program at SAR 4.7 bln

Logo of the National Debt Management Center

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

The issuance size was set at SAR 4.699 billion, with the total orders amounting to nearly SAR 11.082 billion, NDMC said in a statement.

The issuance is divided into two tranches, the first is valued at SAR 4.094 billion, maturing in 2032. The second is valued at SAR 605 million and will mature in 2036.