NDMC closes February issuance of SAR-denominated sukuk program at SAR 7.87B

Logo of The National Debt Management Center (NDMC)

The National Debt Management Center (NDMC) completed the order book for its domestic issuance for February, under the Saudi Arabian Government SAR-denominated Sukuk Program.

Total allocations amounted to SAR 7.87 billion, NDMC said in a statement today, Feb. 10.

The issuance was divided into five tranches. The first tranche totaled SAR 1.17 billion, maturing in 2031, while the second reached SAR 1.38 billion, maturing in 2033.

The third tranche was valued at SAR 1.59 billion and will mature in 2036, followed by a fourth tranche of SAR 510 million, maturing in 2039. The fifth tranche was valued at SAR 1.19 billion and will mature in 2041.