The Finance Ministry raised an additional SAR 3.71 bn from fixed-income investors in the latest April sukuk issuance, marking a 40.5% increase compared to March’s SAR 2.64 bn, according to a National Debt Management Center statement (pdf). This is part of the government’s SAR-denominated sukuk program.

The April issuance was structured in four tranches:

  • A four-year tranche valued at SAR 1.31 bn with a 4.81% yield
  • A seven-year tranche valued at SAR 80 mn with a 4.85% yield
  • A 11-year tranche valued at SAR 765 mn with a 5.01% yield
  • A 14-year tranche valued at SAR 1.55 bn with a 5.11% yield

A glimpse into the Kingdom’s debt landscape: As of March 2025, Saudi Arabia’s total direct debt reached SAR 1.33 tn (USD 354.3 bn) — SAR 797.1 bn (USD 231.6 bn) in domestic debt and SAR 531.7 bn (USD 141.8 bn) in external debt, according to NDMC’s data. This marks a 9.3% increase from the previous year, highlighting the ongoing expansion of the Kingdom’s debt portfolio.

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