Riyadh – Mubasher: The Securities Depository Center Company, known as Edaa, has officially announced the successful implementation of a series of corporate actions involving the increase in issue size for five specific tranches of Saudi Government SAR-denominated Sukuk.
The five tranches identified in the announcement cover a range of issuance dates spanning from August 2023 to January 2026.
In a formal statement released to the market, Edaa confirmed that it has finalized the necessary adjustments to the outstanding volumes of several government-issued Islamic bonds.
The five tranches affected by this implementation include the Saudi Government SAR Sukuk identified by the dates (2023-08-08), (2023-08-10), (2024-04-12), (2024-01-15), and (2026-01-15).
These specific securities represent various stages of the government’s local currency issuance program, and the increase in their respective sizes indicates a reopening of the existing issues to accommodate additional capital.
The implementation of these size increases was carried out 23 July 2026.
As the central entity responsible for the registration and depository of all securities traded on the Saudi Exchange (Tadawul), Edaa plays a critical role in the execution of such corporate actions.
By updating the size of the issue in the central registry, Edaa ensures that the total amount of outstanding Sukuk is correctly documented, facilitating seamless trading, settlement, and clearing processes for institutional and individual investors alike.
The process of increasing the size of an existing issue, often referred to in financial markets as a tap issuance or a reopening, allows the issuer—in this case, the Saudi government—to raise further funds by issuing more of the same security under the original terms and conditions.
This approach provides greater liquidity to the specific Sukuk tranches and allows for a more streamlined expansion of the sovereign debt portfolio without the administrative requirements of launching entirely new security classes.
Meanwhile, for investors and depository participants, this update signifies that the additional volumes of the Saudi Government SAR Sukuk are now fully integrated into the electronic settlement system.
This ensures that all subsequent transactions and ownership transfers involving these specific tranches are conducted based on the most current and accurate issuance data available in the Kingdom’s central depository.
