Saudi Arabia has opened its October subscription round for Sah savings sukuk, offering individual investors a 5 percent annual return, up from 4.80 percent in September.<\/p>\n
The increase amounts to 20 basis points. For investors who hold the sukuk for its one-year term, the return is paid at maturity.<\/p>\n
Subscriptions opened at 10 a.m. Saudi time on Oct. 4 and were scheduled to close at 3 p.m. on Oct. 6, according to the National Debt Management Center.<\/p>\n
Investors can subscribe from SR1,000 ($266), with total holdings capped at SR200,000 per person across the program period, the NDMC said in a post on X.<\/p>\n
The offering is open exclusively to Saudi citizens over 18 through five approved investment platforms: SNB Capital, Al Rajhi Capital, AlJazira Capital, Alinma Investment and SAB Invest.<\/p>\n
Sah is a government-backed, riyal-denominated savings product that complies with Shariah principles. The Ministry of Finance issues it through the Kingdom\u2019s domestic sukuk program, with the NDMC arranging the offering and setting its return each month according to market conditions.<\/p>\n
The October round forms part of the center\u2019s 2026 issuance calendar and a wider effort to make savings products more accessible to households.<\/p>\n
That effort supports the Financial Sector Development Program, one of the programs under Vision 2030. It aims to raise the household savings rate to 10 percent by 2030, from about 6 percent currently.<\/p>\n
The retail offering follows a separate government issuance in September that raised SR1.64 billion through the domestic riyal-denominated sukuk program.<\/p>\n
That issuance comprised six tranches, maturing in 2029, 2031, 2033, 2036, 2039 and 2041. The largest was a SR705 million tranche due in 2041, followed by SR650 million maturing in 2031.<\/p>\n
The latest savings round also comes against expectations of stronger Saudi economic growth. The Organisation for Economic Co-operation and Development projects the Kingdom\u2019s economy will expand by 4.1 percent in 2027, compared with 3 percent for both the global economy and the G20.<\/p>\n
The Saudi forecast also exceeds the projected growth rate of each G7 economy, according to the OECD outlook.<\/p>\n","protected":false},"excerpt":{"rendered":"
Saudi Arabia has opened its October subscription round for Sah savings sukuk, offering individual investors a 5 percent annual return, up from 4.80 percent in September. The increase amounts to 20 basis points. For investors who hold the sukuk for its one-year term, the return is paid at maturity. Subscriptions opened at 10 a.m. Saudi time on Oct. 4 and were scheduled to close at 3 p.m. on Oct. 6, according to the National Debt Management Center. Investors can subscribe from SR1,000 ($266), with total holdings capped at SR200,000 per person across the program period, the NDMC said in a<\/p>\n","protected":false},"author":7,"featured_media":60552,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12852],"tags":[],"class_list":["post-60551","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-finance"],"yoast_head":"\n