The Finance Ministry wrapped up its SAR 2.4 bn local sukuk offering for June 2025, marking a 42.3% dip compared to May’s SAR 4.08 bn, according to statement from the National Debt Management Center (NDMC) released yesterday. This is part of the government’s SAR-denominated sukuk program.

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The issuance was structured in five tranches:

  • A two-year tranche, valued at SAR 25 mn;
  • A four-year tranche, valued at SAR 1.2 bn;
  • A seven-year tranche, valued at SAR 500 mn;
  • An 11-year tranche, valued at SAR 5 mn;
  • A 14-year tranche, valued at SAR 650 mn.

The debt status: 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.

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