Saudi Arabia’s NDMC closes October issuance of sukuk program at $832m

RIYADH: Saudi Arabia’s National Debt Management Center has closed the issuance of SR3.12 billion ($832 million ) riyal-denominated sukuk in October.

The total value of bids stood at SR700 million, NDMC said in a statement issued on Tuesday. The sukuk offering was divided into three tranches. The first tranche has a size of SR300 million maturing in 2029, while the second amounts to 300 million maturing in 2032. The third tranche has a size of SR100 million, maturing in 2037.