Riyadh, February 19, 2025 – The National Debt Management Center (NDMC) of Saudi Arabia today announced the successful closure of its February 2025 issuance under the Kingdom’s Government SAR-denominated Sukuk Program, raising a total of SAR 3.071 billion (three billion and seventy-one million Saudi riyals). This new issuance is part of Saudi Arabia’s ongoing strategy to diversify its financing options and support the Kingdom’s fiscal goals in line with its broader economic vision.
The Sukuk issuance was structured into four tranches, each tailored to different investor preferences in terms of duration. The first tranche, valued at SAR 585 million (five hundred and eighty-five million Saudi riyals), will mature in 2029, offering a short-term investment opportunity for those seeking a quicker return. The second tranche, which is the largest at SAR 1.706 billion (one billion and seven hundred and six million Saudi riyals), will mature in 2032, providing a mid-term investment option with a seven-year horizon.
The third tranche, worth SAR 404 million (four hundred and four million Saudi riyals), will mature in 2036, catering to investors looking for a longer-term commitment. Finally, the fourth tranche, totaling SAR 376 million (three hundred and seventy-six million Saudi riyals), is set to mature in 2039, offering an extended 14-year investment window.
This Sukuk issuance marks another significant step in Saudi Arabia’s debt management strategy, reflecting the government's continued efforts to create a stable and attractive financial market for both local and international investors. The successful closure further enhances investor confidence and demonstrates the growing interest in the Kingdom’s financial instruments.
By tapping into the Sukuk market, Saudi Arabia aims to finance its long-term projects, boost infrastructure development, and support the objectives of Vision 2030. This issuance serves as a testament to the Kingdom’s commitment to economic diversification and sustainable fiscal management, paving the way for continued growth and stability in the years to come.