NDMC closes July Sukuk Program at SAR 5B

The National Debt Management Center (NDMC) closed receiving investor orders for its domestic issuance for July, under the Saudi Arabian Government SAR-denominated Sukuk Program.

The total volume allocated was SAR 5.02 billion, NDMC said in a statement today, July 15.

The issuance was divided into four tranches: the first was valued at SAR 776 million, maturing in 2029; the second at SAR 1.34 billion, maturing in 2032; the third at SAR 823 million, maturing in 2036; and the fourth at SAR 2.08 billion, maturing in 2039.