Saudi Arabia closes the January offering of sukuk at 3.47 billion riyals

The National Center for Debt Management in Saudi Arabia has announced the completion of receiving investor requests for the local issuance for the month of January 2023 AD within the Kingdom of Saudi Arabia government’s sukuk program in Saudi riyals.

The center stated that the total volume of subscription applications amounted to about 8.835 billion riyals, and the total volume of allocation was set at an amount of 3.466 billion riyals.

According to the statement issued by the center, the issuances were divided into two tranches, the volume of the first amounted to 1.266 billion riyals for sukuk maturing in 2030 AD, and the second tranche amounted to 2.200 billion riyals for sukuk maturing in 2035 AD.