Saudi Arabia Opens November 'Sah' Sukuk Offering with 4.71% Return
The Kingdom aims to promote financial inclusion and encourage personal savings among its citizens.
Riyadh, Saudi Arabia: The National Debt Management Center has announced the opening of subscriptions for the November issuance of the government-backed 'Sah' savings sukuk.
Investors will receive an annual interest rate of 4.71 percent, which is slightly lower than the 4.83 percent offered in October.
The subscription period runs from November 2 at 10 a.m. Saudi time to November 4 at 3 p.m., as stated on X.
The issuance is part of the 2025 calendar managed by the NDMC and aims to increase the national savings rate to 10 percent by 2030, up from approximately 6 percent currently.
Investors can subscribe starting from SR1,000 ($266.56) and a maximum of SR200,000 per person.
The sukuk has a one-year maturity with fixed returns paid at redemption.
Subscription for the sukuk is open to Saudi nationals aged 18 or older through approved digital platforms such as SNB Capital, Aljazira Capital, Alinma Investment, SAB Invest, and Al-Rajhi Capital.
Sukuk are Shariah-compliant financial instruments providing investors with partial ownership of the issuer's underlying assets.
In October, the NDMC successfully raised SR7.54 billion through its riyal-denominated sukuk program.
The issuance consisted of four tranches maturing in 2029, 2032, 2036, and 2039.
Saudi Arabia's debt market has experienced robust growth recently, attracting investor interest in fixed-income instruments amid a global rise in interest rates.
According to Markaz, Saudi Arabia dominated the Gulf Cooperation Council's primary debt market in the third quarter of 2025, raising $20.32 billion through 36 issuances, representing a 62.7 percent year-on-year increase in value.
S&P Global anticipates that the kingdom's expanding non-oil sector and steady sukuk issuance volumes will support the growth of the global Islamic finance industry.
Investors will receive an annual interest rate of 4.71 percent, which is slightly lower than the 4.83 percent offered in October.
The subscription period runs from November 2 at 10 a.m. Saudi time to November 4 at 3 p.m., as stated on X.
The issuance is part of the 2025 calendar managed by the NDMC and aims to increase the national savings rate to 10 percent by 2030, up from approximately 6 percent currently.
Investors can subscribe starting from SR1,000 ($266.56) and a maximum of SR200,000 per person.
The sukuk has a one-year maturity with fixed returns paid at redemption.
Subscription for the sukuk is open to Saudi nationals aged 18 or older through approved digital platforms such as SNB Capital, Aljazira Capital, Alinma Investment, SAB Invest, and Al-Rajhi Capital.
Sukuk are Shariah-compliant financial instruments providing investors with partial ownership of the issuer's underlying assets.
In October, the NDMC successfully raised SR7.54 billion through its riyal-denominated sukuk program.
The issuance consisted of four tranches maturing in 2029, 2032, 2036, and 2039.
Saudi Arabia's debt market has experienced robust growth recently, attracting investor interest in fixed-income instruments amid a global rise in interest rates.
According to Markaz, Saudi Arabia dominated the Gulf Cooperation Council's primary debt market in the third quarter of 2025, raising $20.32 billion through 36 issuances, representing a 62.7 percent year-on-year increase in value.
S&P Global anticipates that the kingdom's expanding non-oil sector and steady sukuk issuance volumes will support the growth of the global Islamic finance industry.
