Riyadh – Mubasher: The Saudi Exchange (Tadawul) has officially announced its approval of a request from the Ministry of Finance to list additional tranches of existing government debt instruments.
This expansion, which involves three specific previously listed issuances, carries a combined total value of SAR 4.80 billion, according to an official statement.
The total increase is distributed across three distinct issuances, each identified by its unique Tadawul trading code.
The first adjustment concerns the issuance originally dated 8 August 2023, which carries the Tadawul code 5332. This specific instrument will see an increase of SAR 1.44 billion. Following this addition, the total outstanding value for this issuance will reach SAR 17.94 billion.
The second component of the approval involves the issuance dated 8 October 2023, identified by Tadawul code 5334. The Saudi Exchange has approved an increase of SAR 1.61 billion for this class. This brings the total size of the issuance to SAR 22.85 billion. This significant increase ensures that the instrument remains a substantial component of the government's listed debt portfolio.
The third and largest individual increase pertains to the issuance dated 15 January 2024, which trades under code 5339. The Ministry of Finance has been granted approval to add SAR 1.73 billion to this instrument. This expansion brings the total aggregate value of this specific issuance to SAR 51.22 billion, marking it as one of the most heavily capitalized instruments in the current listing cycle.
According to the official announcement from Tadawul, the listing and commencement of trading for these reissued government debt instruments are scheduled to begin on 20 July 2026.
The resolution issued by the Saudi Exchange follows a formal submission by the Ministry of Finance, acting in accordance with the established Listing Rules governing the Saudi capital market.
By increasing the size of debt instruments that are already circulating in the secondary market, the Ministry utilizes a common sovereign financing strategy known as a "re-tap," which allows for the consolidation of liquidity into specific benchmark maturities.
The move reflects the Kingdom’s ongoing efforts to manage its sovereign debt profile and enhance the depth of the local fixed-income market through the reopening of existing bond and Sukuk series.
