The Ministry of Finance announces that it has closed the April 2019 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The issuance size was set at SAR 11,619 billion.
The Sukuk issuances were divided into four tranches as follows:
- The first tranche has a size of SAR 0.768 billion, and a total tranche size of SAR 2.768 billion, matures in 2024.
- The second tranche has a size of SAR 0.918 billion, and a total tranche size of SAR 2,043 billion, matures in 2028.
- The third tranche has a size of SAR 0.686 billion, and a total tranche size of SAR 4.366 billion, matures in 2034.
- The fourth tranche has a size of SAR 9.247 billion and matures in 2049.
The National Debt Management Center (NDMC) has announced the completion of the 2025 Annual Borrowing Plan, which aims to cover the approved budget deficit of (101) billion SAR, in addition to principal debt repayments of approximately (38) billion SAR due in 2025. This comes as part of the approved public debt strategy, which seeks to meet the needs of public finances and seize available opportunities in both local and global markets.
As a result of a resilient public finances that can adapt to fiscal and economic developments locally and globally, the Kingdom has proactively undertaken additional financing activities through private funding channels during the past months of 2025. It is also expected that additional financing activities will be undertaken during the year, focusing on local and private market channels to continue supporting spending priorities, meeting financing needs, and capitalizing on market opportunities. Moreover, the financing plan from the international markets is expected to remain unchanged from what was previously announced in the Annual Borrowing Plan for the fiscal year 2025, ensuring that net issuances from international markets remain below 2024 levels.