With a value exceeding SAR 60 billion, NDMC successfully completed arranging the sixth early repurchasing transaction on local market for Saudi Arabia

The National Debt Management Center (NDMC) announced the completion of an early redemption of a portion of the Issuer’s outstanding sukuk maturing in 2025, 2026 ,2027, 2028 ,2029 with a total value around (SAR 60.4 billion), in addition to an issuance of new Sukuk with a total value around (SAR 60.3) billion (Sixty billion and three hundred million Saudi Riyals).

This initiative is a continuation of NDMC’s efforts to strengthen the domestic market and enables NDMC to exercise its role in managing the government debt obligations and future maturities. This will also align NDMC’s effort with other initiatives to enhance/optimize the public fiscal in the medium & long term.

NDMC divided the new Sukuk issuances into five tranches with a total value around (SAR 60.3) billion. The first tranche amount is approx. (SAR 21.5) billion maturing in 2032, the second tranche amount is approx. (SAR 1.8) billion maturing in 2035, the third tranche amount is approx. (SAR 14.2) billion maturing in 2036, the fourth tranche amount approx. (SAR 5.9) billion maturing in 2039, the fifth tranche amount approx. (SAR 16.9) billion maturing in 2040. It is worth mentioning that the Ministry of Finance (the Issuer) and NDMC have appointed HSBC Saudi Arabia, SNB Capital, Al Rajhi Capital, AlJazira Capital and Alinma Investment as Joint Lead Managers to lead the transaction.