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NDMC closes second savings Sukuk round

SAUDI ARABIA: The Saudi National Debt Management Center (NDMC) has closed the second round of its Sah savings Sukuk for March 2024 with the total cumulative volume of savings allocated requests reaching SAR959 million (US$255.53 million), where the total number of savers reached 37,000 for all rounds, said a statement. The Sukuk facility carries a return rate of 5.63% and a maturity date of March 2025.

The third savings Sukuk round is scheduled for the 21st April 2024.

The Saudi Ministry of Finance and the NDMC had announced the launch of the savings Sukuk product, named Sah, in February 2024.

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