New York-based and LSEG-owned Tradeweb Markets rolled out the Kingdom’s first regulated e-trading platform for SAR-denominated bonds and sukuk, according to a company statement. The move aims at deepening the local fixed-income market and opening it up to global investors.

Industry heavyweights BlackRock and BNP Paribas took the lead with the first transaction on the platform, followed by another trade between BlackRock and Goldman Sachs, Tradeweb said. The platform is licensed by the Capital Market Authority to handle trading in shariah-compliant sukuk and LCY debt. Bloomberg also had the story.

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IN CONTEXT- Saudi Arabia accounted for 54% of MENA bond proceeds (including FCYissuances) in 9M 2025, maintaining its lead as the region’s top issuer of conventional and Islamic debt, per LSEG data. Sovereign and state-linked borrowing tied to diversification projects continues to dominate, with bond and sukuk issuance now outpacing equity fundraising by about 3:1, according to Moody’s. The Kingdom also held a 30% share of outstanding sukuk globally in 3Q 2025, coming in behind Malaysia, which accounts for the largest share (34%).

Flurry of local sukuk activity: Tadawul-listed mall operator Cenomi Centers plans to issue SAR-denominated senior unsecured sukuk under its newly-established SAR 4.5 bn debt instruments program, and Nomu-listed Atlas Elevators General Trading is planning to issue SAR-denominated sukuk at an initial value of SAR 40 mn. Just last week, the Finance Ministry closed its SAR 7.5 bn local sukuk offering for October.

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