NDMC Completes Early Purchase Transaction in Local Market Worth Over SAR63 Billion

Riyadh, The National Debt Management Center (NDMC) has completed the early purchase of a portion of the Ministry of Finance's (the Issuer) outstanding debt instruments maturing in 2024, 2025, and 2026, over SAR63.1 billion. NDMC issued a new Sukuk valued at approximately SAR64.1 billion. This initiative allows NDMC to manage future debt maturities while supporting the domestic market effectively. It aligns with broader efforts to strengthen Saudi Arabia's public finances in the medium and long term. The new Sukuk issuances are divided into three tranches with varying maturities: approximately SAR16 billion maturing in 2031, approximately SAR29.3 billion maturing in 2034, and approximately SAR18.8 billion maturing in 2039. The Ministry of Finance (the Issuer) and NDMC appointed HSBC Saudi Arabia, AlRajhi Capital, SNB Capital, AlJazira Capital, and Alinma Investment as Joint Lead Managers to lead the transaction. Source: Saudi Press Agency