Riyadh – Mubasher: Saudi Arabia’s National Debt Management Center (NDMC) has closed a SAR 3.23 billion sukuk issuance.
The sukuk issuance is divided into two tranches and a part of the government SAR-denominated sukuk programme, according to the Saudi Press Agency (SPA).
The initial tranche, valued at SAR 71 million, is slated to mature in 2029.
Meanwhile, the subsequent tranche, with a substantial value of SAR 3.16 billion, is set to mature in 2036.
