Saudi Arabia Launches October ‘Sah’ Sukuk Offering 4.83% Return to Boost Savings

Prime Highlights:

Saudi Arabia launches the October “Sah” savings sukuk, offering a 83% annual returnto investors.
The initiative is part of Vision 2030and aims to boost domestic savings and financial inclusion.

Key Facts:

The sukuk is one-year term, available to Saudi nationals aged 18 and above, with investments ranging from SR1,000 to SR200,000.
September’s sukuk issuance totaled 036 billionacross five tranches, with maturities from 2027 to 2039.

Key Background:

Saudi Arabia has started accepting subscriptions for its October “Sah” savings sukuk, which offers investors a 4.83% annual return, slightly below the 4.88% offered in September. The subscription period runs from 10 a.m. on October 5 to 3 p.m. on October 7, according to the National Debt Management Center (NDMC). Allocation is scheduled for October 14, with redemption taking place between October 19 and 21, and payments set for October 26.

The “Sah” initiative is part of the 2025 issuance calendar managed by the Ministry of Finance’s NDMC. The program is aimed at enabling people to save more and offer Shariah-compliant investment opportunities to individuals.

It is a component of Vision 2030 and targets to raise the level of national savings to 10 percent by 2030 as opposed to the current 6 percent. The investment may range between SR1,000 (266) and SR200,000, and this has enhanced the participation of more people.

The sukuk is one year in duration, and it yields constant returns in the end. It is available only to Saudi nationals aged 18 and above through approved platforms like SNB Capital, Aljazira Capital, Alinma Investment, SAB Invest, and Al-Rajhi Capital.

In September, the NDMC completed a sukuk issuance worth SR8.036 billion, divided into five parts with maturities from 2027 to 2039. Unlike regular bonds, Sah sukuk is Shariah-compliant, low-risk, fee-free, and easy to redeem, with returns linked to market rates.

Through this program, the Saudi authorities would like to increase the financial access and additional investment options and investment choices, and long-term economic growth demonstrates the interest of the Saudi authorities in a robust and inclusive financial structure.