Saudi Arabia raised SR10.57 billion ($2.81 billion) through its June sukuk issuance, a 338.58 percent increase from the previous month, according to official data from the National Debt Management Center.
June Sukuk Details and Tranches
The June issuance was divided into six tranches, maturing between 2029 and 2041. The first tranche, valued at SR4.69 billion, matures in 2029, while the second tranche of SR2.12 billion matures in 2031. The third tranche of SR1.02 billion is due in 2033, followed by SR1.64 billion maturing in 2036. The fifth tranche of SR320 million matures in 2039, and the final tranche of SR770 million matures in 2041.
Supporting Vision 2030
The move supports Vision 2030's economic diversification agenda, including infrastructure, tourism, industrial growth, and giga-projects like Neom. The strategy maintains fiscal flexibility through domestic and international borrowing.
Comparison with Previous Months
In May, Saudi Arabia raised SR2.41 billion through sukuk, while April saw SR16.94 billion and March SR15.43 billion. The NDMC noted that lower oil prices and higher project spending continue to shape financing needs.
Annual Borrowing Plan
Last month, the NDMC announced completion of the 2026 annual borrowing plan, securing approximately 90 percent of funding needs before recent geopolitical developments. The office reduced international public market issuances selectively after meeting requirements through private and domestic channels.
What Are Sukuk?
Sukuk are Shariah-compliant investment instruments giving investors partial ownership of underlying assets, serving as an alternative to conventional bonds. Returns are structured in compliance with Shariah principles.
