RIYADH: Saudi Arabia raised SR10.57 billion ($2.81 billion) through its June sukuk issuance, up 338.58 percent from the previous month, official data showed.
In a press statement, the Kingdom’s National Debt Management Center revealed that the June issuance was divided into six tranches, maturing between 2029 and 2041.
The move comes as Saudi Arabia continues to tap debt markets to support its Vision 2030 economic diversification agenda.
These include infrastructure development, tourism expansion, industrial growth, and flagship giga-projects such as Neom. The strategy allows the Kingdom to maintain fiscal flexibility through a combination of domestic and international borrowing.
According to the NDMC, the first tranche, valued at SR4.69 billion, is set to mature in 2029, while the second tranche, amounting to SR2.12 billion, will mature in 2031.
