The Finance Ministry wrapped up its SAR 5.02 bn local sukuk offering for July 2025, according to a statement from the National Debt Management Center (NDMC) released yesterday. The issuance comes under the government’s Saudi riyal-dominated sukuk program.

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The issuance was structured in four trenches:

  • A four-year tranche, valued at SAR 776 mn;
  • A seven-year tranche, valued at SAR 1.34 bn;
  • An 11-year tranche, valued at SAR 823 mn;
  • A 14-year tranche, valued at SAR 2.1 bn.

The debt status: As of March 2025, Saudi Arabia’s total direct debt stood at SAR 1.33 tn — with SAR 797.1 bn in domestic debt and SAR 531.7 bn in external debt, according to NDMC’s data.

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