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  • 19-08-21

    Saudi Arabia has USD227.73B debt outstanding by year-end 2020

    (MENAFN)According to NDMC, the National Debt Management Center ended the August 2021 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The size was set at SR11.358 billion (USD3 billion).

    In addition, this matter separated into three tranches: a SR2.508 billion tranche that matures in 2029; a SR4.485 billion tranche that matures in 2033 and a SR4.365 billion tranche which matures in 2036.

    NDMC on its website further declared that Saudi Arabia had SR854 billion debts outstanding by year-end 2020, of which 59 percent are SR-denominated and 41 percent in foreign currency.

    It added that as per the 2021 Saudi budget, the shortfall funding need in the current year is expected to be SR141 billion.

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