NDMC completes arranging the fifth early purchase transaction in the local market for the Kingdom, with a value exceeding SAR 63 billion

The National Debt Management Center (NDMC) announced the completion of an early purchase of a portion of the Issuer’s outstanding debt instruments maturing in 2024, 2025, and 2026, with a total value exceeding SAR 63.1 billion. In addition, new Sukuk with a total value of around SAR 64.1 billion (sixty-four billion and one hundred million Saudi Riyals) were issued.

This initiative is a continuation of NDMC’s efforts to strengthen the domestic market. Further, this initiative 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 the public fiscal in the medium & long term.

​NDMC divided the new Sukuk issuances into three tranches with a total value around SAR 64.1 billion. The first tranche amount is approx. SAR 16 billion maturing in 2031, the second tranche amount is approx. SAR 29.3 billion maturing in 2034, the third tranche amount is approx. SAR 18.8 billion maturing in 2039. It is worth mentioning that the Ministry of Finance (the Issuer) and NDMC has appointed HSBC Saudi Arabia, AlRajhi Capital, SNB Capital, AlJazira Capital and Alinma Investment as Joint Lead Managers to lead the transaction.

*Numbers are rounded to the nearest decimal.