JEDDAH: Saudi Arabia has opened subscriptions for its July “Sah” savings sukuk, offering retail investors a fixed annual return of 4.60 percent through the digital channels of accredited financial institutions.
The subscription period began at 10 a.m. Saudi time on July 6 and will close at 3 p.m. on July 7, according to the National Debt Management Center.
As with previous offerings, the Shariah-compliant sukuk is denominated in Saudi riyals, has a one-year maturity, and pays a fixed return at maturity.
The continued issuance of government sukuk comes as the Kingdom taps debt markets to finance its Vision 2030 economic diversification agenda, including infrastructure projects, tourism development, industrial expansion, and giga-projects.
In a post on X, the NDMC stated that the minimum subscription is SR1,000 ($266), while the maximum investment is capped at SR200,000 per individual.
