The National Debt Management Center announced on March 11 the closure of the March 2026 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The total amount allocated for this issuance was set at SAR 15.436 billion.
This development is significant as it reflects ongoing efforts by Saudi Arabia to manage its public debt and diversify funding sources through Islamic finance instruments such as sukuk.
According to the announcement, the sukuk issuance was divided into six tranches with varying maturities. The first tranche amounted to SAR 1.154 billion and will mature in 2029. The second tranche totaled SAR 11 million, maturing in 2031, while the third tranche was set at SAR 365 million with a maturity date in 2033. The fourth tranche reached SAR 3.452 billion and will mature in 2036.
The fifth tranche had a size of SAR 5.4 billion, maturing in 2039, and the sixth tranche stood at SAR 5.054 billion with a maturity year of 2041. All numbers were rounded to the nearest decimal point as stated by the National Debt Management Center.
This sukuk program is part of broader financial strategies aimed at supporting fiscal sustainability and providing investment opportunities within Saudi Arabia’s capital markets.
Future issuances under this program are expected to continue supporting government financing needs while offering investors diversified options aligned with Islamic finance principles.
