The National Debt Management Center announces that it has closed the April 2021 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The issuance size was set at SAR 11.713 billion (eleven billion and seven hundred thirteen million SAR).
The Sukuk issuances were divided into two tranches as follows:
• The first tranche has a size of SAR 3.889 billion (three billion and eight hundred ninety eight million SAR), matures in 2028.
• The second tranche has a size of SAR 7.824 billion (Seven billion and eight hundred twenty four million SAR), matures in 2031.
*Numbers are rounded to the nearest decimal.