Saudi Arabia raises 10.576B riyals from June program: NDMC

Saudi Arabia’s National Debt Management Center (NDMC) has confirmed the closure of its June 2026 issuance under the government’s SAR-denominated sukuk program, raising SAR10.576 billion ($2.81 billion) in total allocation. The issuance is part of the Kingdom’s ongoing efforts to maintain regular access to both domestic and international funding markets. The successful outcome highlights sustained investor confidence in Saudi sovereign Islamic debt instruments, reflecting the country’s commitment to securing financing at competitive costs while adhering to its broader economic and financial strategies.

The NDMC, tasked with managing public debt and ensuring sustainable funding solutions, continues to play a central role in supporting the Kingdom’s fiscal objectives. As of Q1 2026, debt-to-GDP ratio stands at 33.6%, according to the official budget statement for the fiscal year 2026. The June 2026 sukuk issuance aligns with the NDMC’s broader vision to provide cost-effective and sustainable funding solutions for the government.