NDMC closes January issuance of Sukuk program at SAR 3.46 bln

Logo of the National Debt Management Center

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

The issuance size was set at SAR 3.46 billion, with the total orders amounting to nearly SAR 8.83 billion, NDMC said in a statement.

The issuance is divided into two tranches, the first is valued at SAR 1.26 billion, maturing in 2030. The second is valued at SAR 2.20 billion and will mature in 2035.