The National Debt Management Center in Saudi Arabia has announced that it has closed applications from investors for local issuance in June 2023 under the Saudi Arabian Government’s Sukuk Sukuk Program in Saudi Riyals.
The center said in a statement today, Tuesday, that the total volume of subscription applications was 7.437 billion rials, and the total distribution volume was set at 2.505 billion rials.
The statement indicated that the issues were divided into two tranches, the first tranche amounting to 662 million rials for sukuk maturing in 2030 AD, and the second tranche amounting to 1.843 billion rials for sukuk maturing in 2035 AD.
This release confirms a statement issued by the National Debt Management Center in mid-February of this year that it continues – in line with its approved annual borrowing plan – to consider additional financial transactions proactively through available funding channels, be it locally. or international level, as well as in accordance with market conditions. To expand the Kingdom’s presence in the debt markets and manage major receivables over the coming years, taking into account market movements and risk management in the government debt portfolio. .
