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National Debt Management Center Announces Completion of Borrowing Plan, for Year 2020, amounting to SR220 bln

The National Debt Management Center (NDMC) announced that the funding plan for the year 2020, amounting to SR220 billion, have been successfully completed, through a diversified funding sources which include domestic and international issuances as well as new financing channels, including “Government Alternative Financing, Supply Chain Financing, in addition to unifying the domestic issuances project”.
According to the Year 2020 Local Sukuk Issuance Calendar, the NDMC announced the completion of receiving investors’ orders for the month of December 2020, under the Saudi Arabian Government SR-denominated Sukuk Program, as the orders have reached SR11,721 billion (eleven billion and seven hundred twenty-one million) and none of these orders were allocated, due to the completion of the domestic borrowing plan for the current year.

 

Source: Saudi Press Agency

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