Al-Eqtisadia from Riyadh

Monday, July 20, 2026 23:15 | 1 minute read

The National Center for Debt Management in Saudi Arabia announced the completion of an early buyback of part of the Ministry of Finance's existing maturities for the years 2026, 2027, 2028, 2029, and 2030, with a total value of approximately 17.1 billion riyals, concurrently with the issuance of new government sukuk with a total value of approximately 17.2 billion riyals.

The center explained that the operation comes within its ongoing efforts to enhance the efficiency of government debt management and manage future maturities, contributing to supporting the local market and enhancing the sustainability of public finances in the medium and long term.

5 tranches with maturities extending until 2041 The center divided the new sukuk issuances into 5 tranches totaling approximately 17.2 billion riyals, with the first tranche valued at about 1.45 billion riyals maturing in 2031, while the second tranche amounted to about 1.62 billion riyals maturing in 2033.

The third tranche was the largest in size, with a value of approximately 10.55 billion riyals maturing in 2036, while the fourth tranche amounted to about 1.74 billion riyals maturing in 2039, and the fifth tranche amounted to about 1.80 billion riyals with a maturity date in 2041.

Appointment of 5 lead managers for the issuance The National Center for Debt Management and the Ministry of Finance appointed HSBC Saudi Arabia, SNB Capital, Al Rajhi Capital, Aljazira Capital, and Alinma Investment as joint lead managers to manage the issuance process.

Developing the local sukuk market The initiative comes within the center's strategy aimed at developing the local sukuk market, efficiently managing government debt obligations, and restructuring maturities to support the sustainability of public finances and enhance the depth of the local debt market.

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