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The total value of Saudi-listed sukuk and bond issuances registered a 0.3% quarter-on-quarter (QoQ) rise to about SAR 526.95 billion by the end of Q1 2023, the Saudi Exchange (Tadawul) said in its Q1 2023 Debt Market report.
By the end of the first quarter, total trading value surged 76% to nearly SAR 7.04 billion from SAR 4.01 billion in Q4 2022.
The total number of transactions rose 83% to 7,760 in the three-month period, compared to 4,236 deals in Q4 2022.
The total number of issuances of listed sukuk and bonds fell to 66 in Q1 2023 from 70 in Q4 2022.
The following is a table showing the performance of Saudi-listed sukuk and bond issuances in volume since Q1 2020:
Volume of Listed Sukuk and Bond Issuances |
|||
Period |
Value (SAR bln) |
Change (SAR bln) |
QoQ Change |
Q1 2020 |
358.00 |
-- |
-- |
Q2 |
392.20 |
+ 34.2 |
+10% |
Q3 |
393.43 |
+ 1.2 |
+0.3% |
Q4 |
387.84 |
(5.6) |
(1%) |
Q1 2021 |
399.92 |
+ 12.1 |
+3% |
Q2 |
423.25 |
+ 23.3 |
+6% |
Q3 |
451.70 |
+ 28.5 |
+7% |
Q4 |
461.37 |
+ 9.7 |
+2% |
Q1 2022 |
488.00 |
+ 26.6 |
+6% |
Q2 |
512.36 |
+ 24.4 |
+5% |
Q3 |
511.25 |
(1.1) |
(0.2%) |
Q4 |
525.32 |
+ 14.1 |
+3% |
Q1 2023 |
526.95 |
+ 1.6 |
+0.3% |
The value of listed government sukuk and bonds at the end of Q1 2023 represented about 95.9%, or nearly SAR 505.6 billion, of the total issuance of sukuk and bonds.
Meanwhile, sukuk and bonds of listed companies accounted for 4.1% or SAR 21.4 billion, in Q1 2023, as shown in the table below:
Volume of Listed Sukuk and Bond Issuances by Type |
||||
Period |
Listed Government Sukuk and Bonds |
Sukuk and Bonds of Listed Companies |
||
Value (SAR bln) |
Percentage-to-total |
Value (SAR bln) |
Percentage-to-total |
|
Q1 2020 |
334.9 |
93.5 % |
23.1 |
6.5% |
Q2 |
369.6 |
94.2 % |
22.6 |
5.8% |
Q3 |
370.8 |
94.2 % |
22.6 |
5.8% |
Q4 |
365.7 |
94.3 % |
22.1 |
5.7% |
Q1 2021 |
377.8 |
94.5 % |
22.1 |
5.5% |
Q2 |
401.3 |
94.8 % |
22.0 |
5.2% |
Q3 |
429.7 |
95.1 % |
22.0 |
4.9% |
Q4 |
439.8 |
95.3 % |
21.6 |
4.7% |
Q1 2022 |
466.4 |
95.6 % |
21.6 |
4.4% |
Q2 |
496.8 |
97.0 % |
15.6 |
3.0% |
Q3 |
499.6 |
97.7 % |
11.7 |
2.3% |
Q4 |
503.9 |
95.9 % |
21.4 |
4.1% |
Q1 2023 |
505.6 |
95.9 % |
21.4 |
4.1% |
Saudis owned debt instruments worth about SAR 520.7 billion, representing 98.8% of the total debt instruments, as the following table shows:
Ownership by Nationality |
||
Nationality |
Value (SAR bln) |
Percentage-to-total |
Saudis |
520.67 |
98.8 % |
Foreigners |
4.72 |
0.9 % |
GCC |
1.56 |
0.3 % |
Total |
526.95 |
100 % |
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