NDMC closes November offering at 3.41 billion riyals

The National Debt Management Center announced the completion of receiving investor requests for the local issuance for November 2024 under the Saudi Arabian government sukuk program in Saudi riyals, where the total allocation size was set at 3.41 billion riyals.

According to the statement issued by the center, the issuances were divided into five tranches, the size of the first tranche amounted to 2.52 billion riyals for sukuks due in 2029 AD, the second tranche amounted to 434 million for sukuks due in 2031 AD, the third tranche amounted to 137 million riyals for sukuks due in 2034 AD, the fourth tranche amounted to 10 million riyals for sukuks due in 2036 AD, and the fifth tranche amounted to 310 million riyals for sukuks due in 2039 AD.