Saudi Debt Management Center closes December offering ‎within sukuk program, at SR4.7 bln

The National Debt Management Center announced the completion of receiving investor requests for the local issuance for the month of December 2022 AD within the Kingdom’s government sukuk program in Saudi riyals, as the total volume of subscription requests reached about 11.082 billion riyals, and the total volume of allocation was determined at an amount of 4.699 billion Saudi riyals.

According to the statement issued by the center, the issuance was divided into two tranches, the volume of the first amounted to 4.094 billion Saudi riyals for sukuk maturing in 2032 AD, and the second tranche amounted to 605 million Saudi riyals for sukuk maturing in 2037.

This issuance comes as a confirmation of the statement issued by the Debt Management Center at the end of May of this year, that it continues – in accordance with the approved annual borrowing plan – to consider the possibility of entering into additional financing operations proactively through the financing channels available, whether locally or internationally, and according to Market conditions in order to enhance the Kingdom’s presence in the debt markets, and manage principal dues for the coming years, taking into account the movement of markets and risk management in the government debt portfolio.‎