Saudi Arabia’s Minister of Finance, Mohammed Abdullah Aljadaan, has approved the 2025 Annual Borrowing Plan following its endorsement by the National Debt Management Center’s Board of Directors. The plan outlines public debt developments in 2024, local debt market initiatives, and the 2025 funding strategy, including the issuance schedule for the Saudi Riyal Sukuk Issuance Program.
The 2025 funding requirement is projected at SAR139 billion, intended to cover the expected SAR101 billion budget deficit and SAR38 billion for maturing debt repayments during the year.
The Kingdom plans to diversify its local and international financing channels to sustain market access and expand its investor base. The strategy includes issuing sovereign debt instruments with competitive pricing and adhering to strict risk management frameworks.
Saudi Arabia also aims to leverage private market opportunities, such as export credit agency financing, infrastructure project financing, and capital expenditure (CAPEX) funding, while exploring new markets and currencies based on favourable market conditions.
