- Five tranches issued under the SAR-denominated sukuk program
- Sukuk aligns with Vision 2030 goals of economic diversification and capital market growth
Saudi Arabia’s National Debt Management Center (NDMC) has concluded the November 2024 issuance of its SAR-denominated sukuk program, allocating a total of SAR 3.42 billion ($910.67 million). The issuance, part of the Kingdom’s broader Vision 2030 strategy, reflects ongoing efforts to diversify funding sources and expand domestic capital markets.
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