NDMC launches SAR 60.3B sukuk offering

25/05/2025 Argaam
Logo of National Debt Management Center (NDMC)

Logo of National Debt Management Center (NDMC)

The National Debt Management Center (NDMC) announced the early repurchase of a portion of outstanding government debt maturing in 2025, 2026, 2027, 2028, and 2029, with a total value of nearly SAR 60.4 billion.

 

In conjunction with the buyback, NDMC issued new sukuk worth approximately SAR 60.3 billion. The issuance was divided into five tranches: SAR 21.5 billion maturing in 2032, SAR 1.8 billion maturing in 2035, SAR 14.2 billion maturing in 2036, SAR 5.9 billion maturing in 2039, and SAR 16.9 billion maturing in 2040.

 

NDMC said the initiative reflects its continued efforts to develop the local debt market and improve the management of government debt obligations and future maturities. It also aims to align with broader initiatives supporting the Kingdom’s medium- and long-term fiscal sustainability.

 

The Ministry of Finance and NDMC appointed HSBC Saudi Arabia, SNB Capital, Al Rajhi Capital, AlJazira Capital, and Alinma Investment as joint lead managers for the issuance.

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