NDMC Completes SAR 63 Billion Early Purchase Transaction, Issues SAR 64.1 Billion Sukuk

KSA, 31 May, 2024 :  The National Debt Management Center (NDMC) has successfully concluded an early purchase transaction in the local market for the Kingdom, exceeding a total value of SAR 63.1 billion.

This initiative, aimed at managing government debt obligations and future maturities, reinforces NDMC's commitment to strengthening the domestic market. It aligns with broader efforts to enhance public fiscal sustainability in the medium and long term.

As part of the transaction, NDMC also issued new Sukuk with a total value of approximately SAR 64.1 billion, divided into three tranches. The first tranche, maturing in 2031, amounts to around SAR 16 billion. The second tranche, maturing in 2034, is approximately SAR 29.3 billion, while the third tranche, maturing in 2039, totals around SAR 18.8 billion.

The Ministry of Finance and NDMC have appointed HSBC Saudi Arabia, AlRajhi Capital, SNB Capital, AlJazira Capital, and Alinma Investment as Joint Lead Managers for the transaction, further highlighting the collaborative approach towards managing the Kingdom's debt obligations and fostering financial stability.

Source : www.mof.gov.sa