RIYADH: The August subscription window for Saudi Arabia’s government-backed savings sukuk, which offers an annual return of 4.97 percent up from 4.88 percent in July has opened, the country stated. The Ministry of Finance’s National Debt Management Center is in charge of the 2025 issuance schedule, which includes the “Sah” sukuk.
The program is in line with Vision 2030’s Financial Sector Development Program, which intends to increase the country’s savings rate from 6% to 10% by the end of the decade. The issuance’s subscription period began at 10 a.m. The event will take place in Saudi Arabia on August 3 and will run through 3 p.m. on August 5. The sukuk is still valued in Saudi riyals and complies with Shariah.
With a maximum limit of SR200,000 per investor, the minimum subscription amount is SR1,000 ($266.58). Through authorised digital channels, such as SNB Capital, Aljazira Capital, Alinma Investment, SAB Invest, and Al-Rajhi Capital, individual investors who are at least eighteen years old may participate.
Sah, the Kingdom’s first retail-focused, government-backed savings product, aims to improve individual financial planning and promote responsible saving practices. A streamlined digital onboarding procedure, no membership costs, and flexibility in redemption, which enables users to take their money out during specific periods without incurring penalties on the principal amount, are just a few of the benefits that the product provides to make savings accessible.
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