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NDMC closes SAR 5.44bn Sukuk issuance

NDMC closes SAR 5.44bn Sukuk issuance
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Riyadh - Mubasher: The Saudi National Debt Management Centre (NDMC) has closed SAR-denominated Sukuk issuance worth SAR 5.44 billion.

Under the Saudi Arabian government SAR-denominated Sukuk Programme, the Sukuk issuance is divided into two tranches, including the first tranche of a size of SAR 2.86 billion and a maturity period until 2030, according to a press release on Wednesday.

Meanwhile, the second tranche has a size of SAR 2.57 billion and will be matured in 2034.