Saudi Arabia raises SAR 2.418 billion from May local sukuk issuance
Saudi Arabia’s National Debt Management Center announced the closure of the May 2026 issuance under the Kingdom’s local sukuk program, with a total value of SAR 2.418 billion, in a move reflecting the Kingdom’s continued efforts to enhance its financing sources and diversify debt instruments in line with global best practices.
According to a statement by the Center, the issuance was divided into 5 tranches with varying maturities extending until 2041. The first tranche amounted to SAR 348 million for sukuk due in 2031, while the second tranche reached SAR 35 million for sukuk due in 2033. The third tranche was the largest at SAR 1.010 billion for sukuk due in 2036, followed by the fourth tranche at SAR 1.015 billion for sukuk due in 2039, with the fifth tranche totaling SAR 10 million for sukuk due in 2041.
This issuance comes as part of the government sukuk program managed by the National Debt Management Center, which aims to diversify the base of local investors and meet the Kingdom’s financing needs with high efficiency. The program represents an important tool in the public debt management strategy that seeks to develop the local debt instruments market and enhance transparency in government borrowing mechanisms.
This step aligns with the objectives of Saudi Vision 2030, which aims to develop the financial sector and deepen capital markets in the Kingdom, thereby contributing to enhancing Saudi Arabia’s position as an attractive investment destination at the regional and global levels.
