TalonEdge KSA

Fixed Income Market

Sukuk on the Saudi Exchange

As of Oct 29, 2026

$208.1B
Total outstanding
SAR 780.2bn
$200.3B
Government issues, 51
SAR 751.0bn
$7.8B
Corporate issues, 11
SAR 29.2bn

Outstanding By Issuer

ISSUER GROUPINSTRUMENTSOUTSTANDING (SAR)OUTSTANDING (USD)SHARE
Government program51SAR 751.0bn$200.3bn96.3%
State-linked corporate1SAR 5.4bn$1.4bn0.7%
Private corporate10SAR 23.8bn$6.4bn3.1%
Total62SAR 780.2bn$208.1bn100.0%

How The Government Program Was Built

2026
SAR 30.9bn
2025
SAR 18.7bn
2024
SAR 196.5bn
2023
SAR 102.6bn
2022
SAR 95.9bn
2021
SAR 112.6bn
2020
SAR 75.7bn
2019
SAR 107.3bn
2018
SAR 6.4bn
2017
SAR 4.3bn

Five Largest Governments Issuances

INSTRUMENTCOUPONMATURITYOUTSTANDING (SAR)OUTSTANDING (USD)
KSA Sukuk 2024-01-155.14% fixedJan 18, 2039SAR 55.9bn$14.9bn
KSA Sukuk 2024-04-125.59% fixedApr 25, 2036SAR 52.7bn$14.1bn
KSA Sukuk 2024-01-104.94% fixedJan 18, 2034SAR 47.1bn$12.6bn
KSA Sukuk 2023-08-094.57% fixedAug 17, 2032SAR 46.6bn$12.4bn
KSA Sukuk 2019-01-103.90% fixedJan 23, 2029SAR 38.5bn$10.3bn

Government Maturity Ladder

MATURITYINSTRUMENTSOUTSTANDING (SAR)OUTSTANDING (USD)
20276SAR 6.9bn$1.8bn
20286SAR 28.6bn$7.6bn
20294SAR 58.1bn$15.5bn
20303SAR 43.2bn$11.5bn
20316SAR 92.9bn$24.8bn
20323SAR 89.0bn$23.7bn
20333SAR 60.4bn$16.1bn
20344SAR 77.5bn$20.7bn
20353SAR 43.4bn$11.6bn
20364SAR 73.7bn$19.7bn
20371SAR 20.6bn$5.5bn
20381SAR 3.2bn$0.9bn
20392SAR 74.7bn$19.9bn
20401SAR 16.9bn$4.5bn
20412SAR 20.4bn$5.4bn
20491SAR 26.4bn$7.0bn
20501SAR 14.9bn$4.0bn

Five Largest Corporate Issuances

INSTRUMENTCOUPONMATURITYOUTSTANDING (SAR)OUTSTANDING (USD)
RIYAD SUKUK PERP6.50% fixedPerpetualSAR 10.0bn$2.7bn
ALRAJHI SUKUK PERP5.50% fixedPerpetualSAR 10.0bn$2.7bn
SADARA SUKUK 12/2038Saudi Aramco holds 65%6.09% floatingDec 15, 2038SAR 5.4bn$1.4bn
CENOMI CENTERS SUKUK 11/20318.50% fixedNov 23, 2031SAR 2.0bn$0.5bn
SAUDI GERMAN HEALTH SUKUK 03/20297.20% fixedMar 6, 2029SAR 1.0bn$0.3bn

What A Sukuk Is

A sukuk carries a share of an asset or of a receivable rather than a loan on a balance sheet, and it pays a profit rate set when the instrument is sold. Each issuance is quoted and traded like any other security: a coupon, a maturity, and an amount outstanding.

Why The State Dominates

The government borrows through the Ministry of Finance and its debt office, NDMC, in scheduled rounds. Companies borrow far less often and in smaller size, because a corporate issuer has to find buyers willing to hold its credit for years.

Sources: Saudi Exchange, Sukuk and Bond Market Watch, session dated Oct 29, 2026 (saudiexchange.sa). Coupons, maturities and amounts outstanding are as the exchange publishes them. Group totals, shares and the year groupings are TalonEdge KSA arithmetic on that column. Corporate issuer ownership from the issuer's own disclosures. Scope: this page covers Tadawul-listed Saudi fixed income instruments only. Saudi government and corporate issuances listed or traded on exchanges outside Saudi Arabia are not included.