Riyadh – Saudi Arabia successfully closed a local sukuk offering in December, raising 7.01 billion riyals (approximately $1.87 billion USD), according to reports from multiple Saudi news outlets. The issuance, finalized by the National Debt management Center (NDMC) as part of a broader program, signals continued strength and investor confidence in the Kingdom’s financial market as Saudi Arabia solidifies its position as a leading hub for Islamic finance. The funding will contribute to the nation’s economic diversification goals outlined in Vision 2030.
Saudi Arabia has raised 7.01 billion riyals (approximately $1.87 billion USD) through a local sukuk (Islamic bond) offering in December, according to recent reports. The successful issuance highlights continued investor confidence in the Kingdom’s financial stability and its growing debt market.
The National Debt Management Center (NDMC) finalized the December offering as part of the Kingdom’s local sukuk program, denominated in riyals, reaching a total of 7.02 billion riyals, as reported by Argaam. A separate announcement from Sahifa Mal indicated the offering closed at 7.01 billion riyals.
The Saudi Ministry of Finance confirmed the closure of the December sukuk issuance, totaling 7.016 billion riyals, according to Al Watan Saudi newspaper. Similarly, Sabq reported that the “Debt Management” center finalized the December 2025 offering at 7.016 billion riyals as part of the local sukuk program.
Al Arabiya reported that Saudi Arabia collected 7.01 billion riyals from the issuance of local sukuk for the month of December.
This latest sukuk offering contributes to the Kingdom’s efforts to diversify its funding sources and further develop its domestic capital markets. The move is consistent with Saudi Arabia’s broader economic reforms under Vision 2030, which aim to reduce reliance on oil revenues and attract foreign investment.
