NDMC closes October issuance of Sukuk program at SAR 3.98 bln

24/10/2023 Argaam
Logo of National Debt Management Center (NDMC)

Logo of National Debt Management Center (NDMC)

The National Debt Management Center (NDMC) completed receiving investor orders for its domestic issuance for October 2023, under the Saudi Arabian Government SAR-denominated Sukuk Program.

 

The total amount allocated stood at SAR 3.98 billion, NDMC said in a statement today, Oct. 24.

 

The issuance is divided into two tranches. The first is valued at SAR 2.21 billion, maturing in 2030, while the second is worth SAR 1.77 billion and will mature in 2033.

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