The Saudi Ministry of Finance (MoF) and the National Debt Management Center (NDMC) announced the Development of the “Sah" Savings Sukuk Program through Ijara Sukuk Issuance. The sukuk will continue to be offered through the following financial institutions: SNB Capital, AlJazira Capital, Alinma Investment, SAB Invest, and Al Rajhi Capital.
This program development comes as part of the Kingdom's ongoing efforts to meet the savings needs of individuals and provide innovative savings solutions. The “Sah" Savings Sukuk Program is one of the initiatives under the Financial Sector Development Program, a key pillar of Saudi Vision 2030, aimed at raising savings rates among individuals by encouraging them to allocate part of their income regularly for savings. It also seeks to expand the range of savings products available in the market and promote financial literacy by highlighting the importance of saving and its role in achieving future goals.
“Sah" Savings Sukuk Program through Ijara Sukuk Issuance will commence in the March 2025 issuance round, taking place from March 2 to 4. Future issuances will also follow this structure.
For more details on the product and the issuance calendar, please visit (link).