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The National Debt Management Center closed its August 2026 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program with a total allocation of SR9.518 billion. This amount equates to approximately $2.54 billion. The operation forms part of the center’s ongoing efforts to meet the government’s financing needs through local currency instruments.
In its announcement on the NDMC website, the center outlined five tranches that made up the issuance. The first tranche totaled SR1.550 billion maturing in 2031, the second SR2.396 billion due in 2033 and the third SR258 million set for 2036. The fourth reached SR4.064 billion for maturity in 2039 while the fifth stood at SR1.250 billion for 2041, with all figures rounded to the nearest decimal point as the center noted.
The center’s statement specified that the issuance closed on August 18. Arab News reported that the total reflected a 77.94 percent increase from the SR5.35 billion recorded in July. Such monthly activity has become a standard feature of Saudi debt operations this year.
The NDMC has conducted several similar sukuk sales throughout 2026 to support fiscal planning and debt management. The May 2026 issuance, for example, closed with a total of SR2.418 billion according to earlier ministry announcements. These transactions help establish pricing benchmarks across the local debt market.
The SAR-denominated program enables the government to tap domestic investor pools while minimizing currency risk. Demand has remained solid in recent rounds according to successive NDMC updates. The latest closure extends the pattern of regular issuances that have expanded the outstanding stock of government sukuk.
