The National Debt Management Center announced on May 13 the closure of the May 2026 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The total amount allocated for this issuance was set at SAR 2.418 billion.
This sukuk offering was divided into five tranches with varying maturity dates and amounts. The first tranche has a size of SAR 348 million and will mature in 2031. The second tranche is valued at SAR 35 million and matures in 2033.
The third tranche, the largest among them, is worth SAR 1.010 billion and will mature in 2036. The fourth tranche amounts to SAR 1.015 billion with a maturity date set for 2039, while the fifth and final tranche totals SAR 10 million maturing in 2041.
Sukuk are Islamic financial certificates similar to bonds but structured to comply with Sharia law, which prohibits charging or paying interest.
This latest issuance reflects ongoing efforts by Saudi Arabia’s National Debt Management Center to manage government debt through diversified instruments.
