RIYADH: Saudi Arabia has opened subscriptions for its November issuance of the government-backed “Sah” savings sukuk, providing investors with an annual interest rate of 4.71 percent, marginally lower than the 4.83 percent offered in October.
The November issuance window opened at 10 a.m. Saudi time on Nov.2, and will close at 3 p.m. on Nov.4, the National Debt Management Center said in a post on X.
Part of the 2025 issuance calendar managed by the NDMC, the sukuk reflects the Kingdom’s ongoing efforts to promote financial inclusion and encourage personal savings among its citizens.
Launched under the Financial Sector Development Program, a crucial initiative of the Vision 2030 agenda, Sah aims to raise the national savings rate to 10 percent by 2030, up from about 6 percent currently.
According to the X post, the minimum subscription for the sukuk is SR1,000 ($266.56), while the maximum is capped at SR200,000 per investor.
