Closure of the March 2021 Issuance under the Saudi Arabian Government SAR-denominated Sukuk Program

  • 2/5/2023
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Riyadh, March 17, 2021, SPA -- The National Debt Management Center announced that it has closed the March 2021 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The issuance size was set at SAR 7.674 billion (Seven billion and six hundred seventy-four million SAR). The Sukuk issuances were divided into two tranches as follows: The first tranche has a size of SAR 2.710 billion (two billion, seven hundred and ten million SAR), and a total tranche size of SAR 6.715 billion (six billion and seven hundred fifteen million SAR), matures in 2028. The second tranche has a size of SAR 4.964 billion (four billion and nine hundred sixty-four million SAR), and a total tranche size of SAR 4.964 billion (four billion and nine hundred sixty-four million SAR), matures in 2031. --SPA 03:45 LOCAL TIME 00:45 GMT 0004 www.spa.gov.sa/w1526045

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