The Finance Ministry closed its SAR 7.5 bn local sukuk offering for October, according to a statement from the National Debt Management Center on Tuesday. The issuance comes under the government’s Saudi SAR-dominated sukuk program.

The issuance was structured in four tranches:

  • A four-year tranche, valued at SAR 538 mn;
  • A seven-year tranche, valued at SAR 493 mn;
  • An 11-year tranche, valued at SAR 2.45 bn;
  • A 14-year tranche, valued at SAR 4.07 bn.

The debt status: The Kingdom’s total public debt stood at SAR 1.47 tn at the end of 3Q 2025, with domestic debt amounting to SAR 930.1 bn and external debt hitting SAR 536.5 bn. EFG Hermes is expecting total public debt to close the year at around 30% of GDP, it said in a research note seen by EnterpriseAM in August.

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