Mr. Fahad Al-Saif, Director  of the Public Debt Management Office at the Ministry of Finance, on Sunday, 1 Rabi Al Awal 1439H (19 November 2017), reviewed the objectives of the Public Debt Management  Office during a session entitled "The Role of the Public Debt Management Office for the Development of Finance that is Compliant  with Shariah " In the meetings of the Second Scientific Conference of Islamic Finance Research, held at King Fahd University of Petroleum and Minerals in the city of Dhahran in the Eastern Province.

Mr. Al-Saif discussed the establishment of the Public Debt Management Office in the Ministry, which aims at financing strategic projects, supporting the budget, developing the local capital market and providing financing at reasonable costs with acceptable risks.

Mr. Al-Saif points out   that the Office is considering the issuance of sukuks to target citizens and small and medium-sized enterprises, and also intends to work on the system of tenders for government bonds and re-issuing of the existing one.

The Director of the Public Debt Management Office addressed the three global issuances, and the four local issuances, the local sukuk program, pointing out that the objectives of the Public Debt Management Office, concerning the developing of the Public Debt Market, are to build a deep and diverse local capital markets base and to support the national saving strategy.

Mr. Saif, at the end the session. urged Saudi universities to develop national talented youth so that they can contribute to the renaissance and development of the financial sector.