‘Sah’ closes 2nd savings round for March

Logo of first Shariah-compliant, government-backed savings product for individuals (Sah)

The government-backed savings product for individuals, Sah, closed its second savings round, with a total cumulative volume of savings allocated requests reaching SAR 959 million riyals, where a total number of savers exceeding 37,000 for all rounds.

In a statement, the National Debt Management Center’s (NDMC) said  the return on the government sukuk product in February is 5.63%. The maturity date will be in March 2025. 

The third savings round is scheduled to be on April 21, 2024, according to the published calendar for Sah. The window will be opened through digital channels of the participant financial institutions.

On Feb. 14, the government-backed savings product for individuals, Sah, closed its first savings round, on Feb. 6, with SAR 861 million requests, which were fully allocated on Feb. 13 to a total of 35,000 savers.