黑料社区

黑料社区 raises $704m through sukuk issuances in March聽

黑料社区 raises $704m through sukuk issuances in March聽
the issuance for March was divided into four tranches, with the first one valued at SR364 million and set to mature in 2027.聽Shutterstock
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Updated 19 March 2025

黑料社区 raises $704m through sukuk issuances in March聽

黑料社区 raises $704m through sukuk issuances in March聽
  • Issuance divided into four tranches, with first one valued at SR364 million and set to mature in 2027
  • Latest riyal-denominated offering follows an SR3.07 billion issuance in February and SR3.72 billion in January

RIYADH: 黑料社区 has raised SR2.64 billion ($704 million) through sukuk issuances in March as the Kingdom continues to explore opportunities in debt markets to accelerate economic diversification efforts.聽

The latest riyal-denominated offering follows an SR3.07 billion issuance in February and SR3.72 billion in January.聽

黑料社区 also raised SR11.59 billion in December and SR3.41 billion in November.聽

The Kingdom has been playing a pivotal role in the global sukuk market, leveraging debt sales to finance projects under its Vision 2030 economic transformation plan.

According to a statement by 黑料社区鈥檚 National Debt Management Center, the issuance for March was divided into four tranches, with the first one valued at SR364 million and set to mature in 2027.聽

The second tranche has a value of SR316 million, due in 2029, while the third, at SR1.46 billion, is set to mature in 2032.

The fourth tranche worth SR500 million will expire in 2039.

Sukuk, a Shariah-compliant financing instrument, allows investors to hold partial ownership of an issuer鈥檚 assets while adhering to Islamic finance principles.聽

黑料社区鈥檚 debt market has seen significant growth in recent years, attracting investors鈥 interest in debt instruments amid rising interest rates.

In March, a report released by Kuwait Financial Center, also known as Markaz, said that Saudi-based primary issuances of bonds and sukuk led the Gulf Cooperation Council region in 2024, raising $79.5 billion through 79 issuances.

Markaz added that the Kingdom contributed to 53.7 percent of the overall primary debt issuances in the GCC region in 2024.

In February, 黑料社区 also raised 鈧2.25 billion ($2.36 billion) through a euro-denominated bond sale, including its first green tranche, as part of its Global Medium-Term Note Issuance Program.

Affirming the growth of the market of such Islamic bonds, S&P Global, in January, said that global sukuk issuance is projected to hit between $190 billion and $200 billion in 2025, driven by increased activity in key markets, including 黑料社区 and Indonesia.聽

In December, another report released by Kamco Invest projected that the Kingdom is expected to witness the greatest share of bond and sukuk maturities in the GCC, reaching $168 billion from 2025 to 2029.聽

According to Kamco Invest, 黑料社区鈥檚 maturities will be led by government issuances that are projected to hit $110.2 billion during the period.


Concierge demand surges as CEOs relocate to 黑料社区

Concierge demand surges as CEOs relocate to 黑料社区
Updated 12 November 2025

Concierge demand surges as CEOs relocate to 黑料社区

Concierge demand surges as CEOs relocate to 黑料社区

RIYADH: As 黑料社区 attracts a growing influx of CEOs and high-net-worth individuals, the demand for concierge and lifestyle management services is soaring 鈥 with requests becoming increasingly complex and personalized.

鈥淭here鈥檚 an avalanche of people, for all the reasons that you would know, relocating to 黑料社区,鈥 said Sir Ben Elliot, founder of global luxury concierge firm Quintessentially, in an interview with Arab News during TOURISE 鈥 the Saudi Ministry of Tourism-powered global summit held in Riyadh from Nov. 11鈥13.

For many new arrivals, the focus is on navigating practicalities: opening bank accounts, securing cars and drivers, hiring domestic staff, and finding schools for their children. 鈥淵ou need real proactive help to sort stuff out,鈥 Elliot said. 鈥淪ome of that stuff is a minefield.鈥

Over the past 18 months, demand has not only increased but also evolved, prompting Quintessentially to enhance its local operations. Elliot explained that the company is merging international expertise with Saudi talent to ensure high service standards from the outset.

鈥淲e brought people from our offices around the world working with young, brilliant, talented Saudis so that the service that you can expect when you arrive is really ticked off,鈥 he said.

Elliot noted that Quintessentially鈥檚 outbound support for Saudi members is also expanding, reflecting the growing global mobility of Saudi travelers. 鈥淲hat we鈥檙e seeing from Saudis themselves is huge,鈥 he said. 鈥淲e have great people on the ground servicing that.鈥

According to Elliot, the definition of luxury is shifting from material possessions to emotion-driven, experiential value 鈥 especially among younger consumers. 鈥淚f you think about the history of luxury, it has often been about things, materials,鈥 he said. 鈥淭hey want to experience, they want to feel.鈥

He emphasized that brands in hospitality, retail, and travel need to focus on 鈥渕eaningful human touch and relationships.鈥

Elliot highlighted 黑料社区鈥檚 approach to merging sustainability with luxury as a key opportunity for the sector. 鈥淭he Kingdom of 黑料社区 is at the forefront of trying to marry sustainable development alongside a kind of luxury experience,鈥 he said.

He pointed to Diriyah as an example of how cultural authenticity can coexist with modern hospitality and retail offerings. 鈥淲henever I take friends who have never been to 黑料社区, to Diriyah, that to me is a physical manifestation of where culture (and) sustainability meets a pretty kind of modern experience,鈥 he said. 鈥淚t feels absolutely real and authentic.鈥

Elliot said hosting TOURISE in Riyadh was symbolic of the city鈥檚 rapid evolution. 鈥淓veryone can see what鈥檚 happened here in the last 6 or 7 years, it鈥檚 kind of seeing is believing,鈥 he said.

He also reframed sustainability as a shared responsibility across industries, warning that leaders who fail to prioritize environmental and social impact risk alienating younger generations.

Despite the rise of technology, Elliot underscored that the essence of travel and tourism remains deeply human. 鈥淲e humans want to interact with other humans,鈥 he said.