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The National Debt Management Center (NDMC) has officially announced the closure of the March 2026 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program, raising a total of SAR 15.436 billion to support the Kingdom’s financing strategy and strengthen the domestic debt market.
This issuance reflects Saudi Arabia’s continued efforts to diversify funding sources and maintain a stable financial framework aligned with the Kingdom’s long-term economic strategy.
Details of the March 2026 Sukuk Issuance
The March 2026 issuance was structured into six tranches with different maturity periods, allowing investors flexibility across various investment horizons.
SAR 1.154 billion maturing in 2029
SAR 11 million maturing in 2031
SAR 365 million maturing in 2033
SAR 3.452 billion maturing in 2036
SAR 5.400 billion maturing in 2039
SAR 5.054 billion maturing in 2041
These Sukuk instruments are Shariah-compliant financial securities, commonly used by governments and corporations in Islamic finance markets as an alternative to conventional bonds.
Strengthening Saudi Arabia’s Financial Market
The continued issuance of government Sukuk demonstrates the Kingdom’s commitment to developing its local debt market and ensuring sustainable public finance management. The Sukuk program also helps attract both domestic and international investors seeking stable, Shariah-compliant investment opportunities.
Saudi Arabia has increasingly relied on such financing instruments as part of broader economic reforms supporting economic diversification and fiscal sustainability.
