The Finance Ministry has completed a SAR 60.3 bn sukuk issuance, the National Debt Management Center (NDMC) said in a statement on its website. The Ministry and the NDMC appointed HSBC Saudi Arabia, SNB Capital, Al Rajhi Capital, Aljazira Capital, and Alinma Investment as joint lead managers for this issuance.

The issuance was structured in five tranches:

  • A seven-year tranche, valued at SAR 21.5 bn;
  • A 10-year tranche, valued at SAR 1.8 bn;
  • An 11-year tranche, valued at SAR 14.2 bn;
  • A 14-year tranche, valued at SAR 5.9 bn;
  • A 15-year tranche, valued at SAR 16.9 bn.

ALSO- The center completed an early redemption of a portion of the issuer's outstanding maturities for the years 2025 through 2029 — coming in at a value of SAR 60.4 bn.

The gov’t has been busy in the debt market lately: The Finance Ministry recently raised an additional SAR 4.08 bn from investors in the latest May sukuk issuance.

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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