Saudi Arabia closes the September offering of the Kingdom’s sukuk program in riyals, with a value of 6.675 billion Saudi riyals | latest news

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The National Center for Saudi Debt Management announced on Tuesday, September 14, the completion of receiving investor requests for its local issuance for the month of September under the Saudi government’s sukuk program in Saudi riyals, where the issuance size was set at a total amount of 6.675 billion Saudi riyals.

According to the statement issued by the center, the issues were divided into three tranches, the first amounting to 3.170 billion Saudi riyals for sukuk maturing in 2029.

The second tranche amounted to 2.855 billion Saudi riyals for sukuk maturing in 2033.

The third tranche amounted to 650 million Saudi riyals for sukuk maturing in 2036.

This issuance comes within the annual borrowing plan for 2021, announced at the beginning of the fiscal year.





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