NDMC Concludes Feb. 2025 Sukuk Issuance under Saudi SAR Program
The National Debt Management Center (NDMC) has successfully completed the February 2025 issuance under the Saudi Arabian Government's SAR-denominated Sukuk Program, with a total allocation of SAR 3.071 billion (three billion and seventy-one million Saudi riyals).
The issuance was structured into four tranches:
First tranche: SAR 585 million (five hundred and eighty-five million Saudi riyals), maturing in 2029.
SAR 585 million (five hundred and eighty-five million Saudi riyals), maturing in 2029. Second tranche: SAR 1.706 billion (one billion and seven hundred and six million Saudi riyals), maturing in 2032.
SAR 1.706 billion (one billion and seven hundred and six million Saudi riyals), maturing in 2032. Third tranche: SAR 404 million (four hundred and four million Saudi riyals), maturing in 2036.
SAR 404 million (four hundred and four million Saudi riyals), maturing in 2036. Fourth tranche: SAR 376 million (three hundred and seventy-six million Saudi riyals), maturing in 2039.
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