The National Debt Management Center announces the closure of November 2022 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The Total Amount of All Bids Received SAR 9.918 Bn (Nine billion and nine hundred and eighteen million Saudi Riyals) and the Total Amount Allocated was set at SAR 6.608 Bn (Six billion and six hundred and eight million Saudi Riyals). The Sukuk issuance was divided into two tranches as follows: The first tranche has a size of SAR 5.573 Bn (Five billion and five hundred and seventy-three million Saudi Riyals) maturing in (2030). The second tranche has a size of SAR 1.035 Bn (one billion and thirty-five million Saudi Riyals) maturing in (2034). This issuance confirms the NDMC's statement on the end of May 2022, that NDMC will continue, in accordance with the approved Annual Borrowing Plan, to consider additional funding activities subject to market conditions and through available funding channels locally or internationally. This is to ensure the Kingdom's continuous presence in debt markets and manage the debt repayments for the coming years while taking into account market movements and the government debt portfolio risk management
