25/06/2026 06:43 AST
Saudi Arabia raised SR10.57 billion ($2.81 billion) through its June sukuk issuance, up 338.58 percent from the previous month, official data showed.
In a press statement, the Kingdom's National Debt Management Center revealed that the June issuance was divided into six tranches, maturing between 2029 and 2041.
The move comes as Saudi Arabia continues to tap debt markets to support its Vision 2030 economic diversification agenda.
These include infrastructure development, tourism expansion, industrial growth, and flagship giga-projects such as Neom. The strategy allows the Kingdom to maintain fiscal flexibility through a combination of domestic and international borrowing.
According to the NDMC, the first tranche, valued at SR4.69 billion, is set to mature in 2029, while the second tranche, amounting to SR2.12 billion, will mature in 2031.
The third tranche, valued at SR1.02 billion, is due in 2033, followed by the fourth tranche, amounting to SR1.64 billion, which is set to mature in 2036.
The fifth tranche has a size of SR320 million and is due in 2039, while the final tranche, valued at SR770 million, will mature in 2041.
Sukuk are Shariah-compliant investment instruments that give investors partial ownership of underlying assets, serving as a popular alternative to conventional bonds.
Unlike conventional bonds, sukuk returns are structured in full compliance with Shariah principles.
The NDMC has maintained a steady issuance calendar in both domestic and international markets, even as lower oil prices and higher project spending continue to shape the Kingdom's financing requirements.
In May, Saudi Arabia raised SR2.41 billion through sukuk issuances, while the figure stood at SR16.94 billion in April and SR15.43 billion in March.
Last month, the NDMC also announced the completion of the Kingdom's 2026 annual borrowing plan, saying it had secured "approximately 90 percent of the Kingdom's funding needs" before recent geopolitical developments in the region.
The debt management office said it had reduced international public market issuances "selectively" from its initial projections after successfully meeting financing requirements through private channels and the domestic market.
Arab News
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