The Saudi Ministry of Finance and the National Debt Management Center have announced the development of the “Sah” Savings Sukuk Program, which will use Ijara Sukuk issuance. The sukuk will be available through SNB Capital, AlJazira Capital, Alinma Investment, SAB Invest, and Al Rajhi Capital.
According to the announcement, this program is part of Saudi Arabia’s efforts to address individual savings needs and introduce new savings options. The “Sah” Savings Sukuk Program is included in the Financial Sector Development Program, which supports Saudi Vision 2030. Its goals are to increase personal savings rates by encouraging regular income allocation for savings, broaden available savings products in the market, and enhance financial literacy by underlining the importance of saving for future objectives.
The program’s Ijara Sukuk issuance will begin with the March 2025 round, scheduled from March 2 to 4. This structure will also apply to future issuances.
For more information about the product and its issuance schedule, interested parties are directed to visit the official website.
“Sah” Savings Sukuk Program through Ijara Sukuk Issuance will commence in the March 2025 issuance round, taking place from March 2 to 4. Future issuances will also follow this structure.
