NDMC closes January issuance of Sukuk program at SAR 8.8B

Logo of The National Debt Management Center (NDMC)

The National Debt Management Center (NDMC) completed receiving investor orders for its domestic issuance for January 2024, under the Saudi Arabian Government SAR-denominated Sukuk Program. 
 

The total amount allocated stood at SAR 8.825 billion, NDMC said in a statement today, Jan. 16. 
 

The issuance is divided into three tranches. The first is valued at SAR 3.656 billion, maturing in 2029, the second is worth SAR 2.822 billion and will mature in 2034, while the third is worth SAR 2.347 billion and will mature in 2039. 

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