Saudi Arabia’s National Debt Management Center (NDMC) has successfully completed a major financial transaction involving the early redemption of approximately SR17.1 billion ($4.56 billion) in outstanding Ministry of Finance sukuk maturing between 2026 and 2030.
Simultaneously, the center issued approximately SR17.2 billion in new domestic sukuk structured across five distinct tranches maturing from 2031 through 2041—with the largest tranche valued at SR10.55 billion maturing in 2036.
Jointly managed by prominent financial institutions including HSBC Saudi Arabia, SNB Capital, Al Rajhi Capital, AlJazira Capital, and Alinma Capital, this strategic debt management initiative is designed to strengthen the domestic debt market, optimize future government debt obligations, and enhance the long-term sustainability and efficiency of public finances.
