Value of sukuk offered through debt instrument platforms in the Kingdom increased by 109.6% during 2024

Data issued by the Capital Market Authority revealed a significant increase in the value and number of sukuk offered through debt instrument offering and investment platforms. 1,464 sukuks were offered for approximately SAR 1.140 billion in the fourth quarter of 2024, compared to 425 sukuks for SAR 543.8 million during the same quarter of 2023, representing a 109.6% increase year-on-year. The value of sukuk issued during the third quarter of 2024 amounted to approximately SAR 908.1 million for 1,224 sukuks, compared to SAR 380.1 million for 318 sukuks during the corresponding quarter of 2023. The value of 926 sukuks amounted to approximately SAR 688 million during the second quarter of 2024, compared to 204 sukuks worth SAR 325.7 million during the same quarter of 2023.

Debt instrument offering and investment platforms enable small and medium-sized enterprises (SMEs) to obtain the financing required for their projects by arranging the sukuk offering process for investors registered on the platform. The number of companies on the platform reaches 17.

These platforms aim to facilitate the issuance of debt instruments (such as sukuks or bonds) for companies and make them available for investment by individual and institutional investors, thus enhancing liquidity and supporting the economy. The Capital Market Authority (CMA) in Saudi Arabia oversees the regulation and development of the financial market. Among its initiatives is supporting financial technology (FinTech) by issuing pilot licenses to companies aiming to establish platforms for “offering and investing in debt instruments.” These platforms are considered part of a regulatory sandbox environment that allows companies to test innovative financial solutions under the CMA’s supervision.