Latest news with #SukukProgram
Zawya
21-05-2025
- Business
- Zawya
NDMC closes May 2025 issuance under Saudi government SAR-denominated sukuk program
Riyadh -- The National Debt Management Center (NDMC) announced the closure of May 2025 issuance under the Saudi Arabian Government SAR-Denominated Sukuk Program. The Total Amount Allocated was set at SAR 4.081 billion (Four billion and eighty-one million Saudi Riyals). The Sukuk issuance was divided into four tranches: The first tranche was SAR 489 million (Four hundred eighty-nine million Saudi Riyals) maturing in 2029. The second tranche was SAR 1.004 billion (One billion and four million Saudi Riyals) maturing in 2032. The third tranche was SAR 1.288 billion (One billion two hundred eighty-eight million Saudi Riyals) maturing in 2036. The fourth tranche was SAR 1.300 billion (One billion three hundred million Saudi Riyals) maturing in 2039.
Zawya
20-03-2025
- Business
- Zawya
Saudi's sukuk issuance hits $2.5bln in Q1 2025
Saudi Arabia has closed on its riyal-denominated sukuk issuance for March 2025, with a total allocation of SAR 2.64 billion ($703.2 million). This month's local offering brings the total sukuk allocation this year so far to SAR 9.435 billion. Last February's issuance stood at SAR 3.071 billion, while January's offering was pegged at SAR 3.724 billion. The latest offering under the Saudi Arabian Government SAR-denominated Sukuk Program was split into four tranches, with the first, amounting to SAR 364 million, set to mature in 2027. The second tranche, which has a size of SAR 316 million, matures in 2029, while the third (SAR 1.46 billion) and fourth (SAR 500 million) will mature in 2032 and 2039, respectively, according to the National Debt Management Centre (NMDC). The sukuk market is forecast to stay upbeat this year, with global issuances likely to be between $190 billion and $200 billion, according to S&P. The ratings agency noted a 29% jump in foreign-currency issuance to $72.7 billion as of December 2024, thanks largely to issuers from GCC countries led by Saudi Arabia, as well as Malaysia and Indonesia. (Writing by Cleofe Maceda; editing by Seban Scaria)
Leaders
19-03-2025
- Business
- Leaders
NDMC Wraps Up March 2025 SAR Sukuk Issuance under Saudi Program
The National Debt Management Center (NDMC) has successfully concluded the March 2025 issuance under the Saudi Government's SAR-denominated Sukuk Program, allocating a total of SAR 2.64 billion. According to a press release, the issuance was divided into four tranches: The first tranche, valued at SAR 364 million, is set to mature in 2027. The second tranche, totaling SAR 316 million, will mature in 2029. The third tranche, amounting to SAR 1.46 billion, is scheduled for maturity in 2032. The fourth tranche, worth SAR 500 million, will mature in 2039. The NDMC emphasized that this issuance is part of Saudi Arabia's broader financial strategy to strengthen the local debt market and support economic diversification, in alignment with the goals of Vision 2030. Related Topics : NDMC Concludes Feb. 2025 Sukuk Issuance under Saudi SAR Program Saudi NDMC's August Sukuk Issuance Reaches SAR 6.018 Bn, Leading GCC Market GCC Federation Chambers to Hold Gulf-Azerbaijan Economic Forum on Sept. Saudi Ministry of Finance and the National Debt Management Center Sign an Agreement with AlRajhi Bank Short link : Post Views: 14 Related Stories
Argaam
18-03-2025
- Business
- Argaam
NDMC closes March issuance of Sukuk program at SAR 2.6B
The National Debt Management Center (NDMC) closed receiving investor orders for its domestic issuance for March 2025, under the Saudi Arabian Government SAR-denominated Sukuk Program. The total volume allocated was SAR 2.64 billion, NDMC said in a statement today, March 18. The sukuk issuance was divided into four tranches. The first was valued at SAR 364 million, maturing in 2027; the second is worth SAR 316 million, maturing in 2029; the third amounted to SAR 1.46 billion and will mature in 2032; and the fourth was valued at SAR 500 million, maturing in 2039.
Leaders
19-02-2025
- Business
- Leaders
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. Related Topics : Saudi NDMC's August Sukuk Issuance Reaches SAR 6.018 Bn, Leading GCC Market Aramco to Issue Dollar-Denominated Sukuk Capturing Global Investments GCC Federation Chambers to Hold Gulf-Azerbaijan Economic Forum on Sept. GCC Federation Chambers to Hold Gulf-Azerbaijan Economic Forum on Sept. Short link :
