RIYADH: Saudi Arabia raised SR5.35 billion ($1.42 billion) through its July issuance under the SR-denominated Sukuk Program, down 49 percent from the previous month, official data showed.
The Kingdom’s National Debt Management Center revealed that the July issuance was divided into five tranches, maturing between 2031 and 2041, according to a statement.
The issuance of the Shariah-compliant bonds forms part of the Kingdom’s annual borrowing plan, under which NDMC said it will continue to access domestic and international debt markets to meet financing needs efficiently while maintaining a diversified investor base and managing debt maturities.
The Ministry of Finance expects the budget deficit to reach SR101 billion in 2026, reflecting continued spending on Vision 2030 projects.
The latest sukuk issuance also comes as the International Monetary Fund projects Saudi Arabia’s economy to grow 3.6 percent in 2026, supported by stronger oil output and continued expansion in the non-oil sector. The IMF said sustained investment under Vision 2030 is expected to underpin medium-term growth despite global economic uncertainty.
