RIYADH: Saudi Arabia has announced the opening of the August subscription window for its government-backed savings sukuk, offering an annual return of 4.97 percent, marking an increase from July’s 4.88 percent.
The “Sah” sukuk is part of the 2025 issuance calendar overseen by the National Debt Management Center under the Ministry of Finance.
The initiative is aligned with the Financial Sector Development Program, a key pillar of Vision 2030, which aims to elevate the national savings rate from 6 percent to 10 percent by the end of the decade.
Subscription for the issuance opened at 10 a.m. Saudi time on Aug. 3 and will remain available until 3 p.m. on Aug. 5. The sukuk remains Shariah-compliant, denominated in Saudi riyals, and structured with a one-year maturity, offering fixed returns upon redemption.
The minimum subscription amount is set at SR1,000 ($266.58), with a maximum cap of SR200,000 per investor.
