Latest news with #SR14.2
Saudi Gazette
25-06-2025
- Business
- Saudi Gazette
GASTAT: Non-oil exports surge 24.6% to SR28.4 billion in April 2025
Saudi Gazette report RIYADH — Saudi Arabia's merchandise exports amounted to SR90.3 billion in April this year, marking a 10.9 percent decrease compared to April 2024. Non-oil exports, including re-exports, recorded an increase of 24.6 percent, reaching SR28.4 billion, compared to the same period last year, according to the International Trade Statistics Bulletin for April 2025, released on Wednesday by the General Authority for Statistics (GASTAT). There has been an increase of 18.3 percent in imports, reaching SR76.1 billion in April. However, the trade surplus declined sharply by 61.7 percent, dropping to SR14.2 billion compared to April 2024, the GASTAT report pointed out. The bulletin indicated that there was a rise in the ratio of non-oil exports, including re-exports to imports, reaching 37.2 percent in April 2025, up from 35.4 percent in April 2024. Meanwhile, the share of oil exports in total exports decreased from 77.5 percent in April 2024 to 68.6 percent in April 2025. Chemical industry products were the top non-oil export goods, amounting to SR6 billion and accounting for 26.4 percent of total non-oil exports. The largest category of imported goods was "machinery, electrical equipment, and their parts," which totaled SR21.1 billion, representing 26 percent of total imports. The bulletin also showed that China remained the Kingdom's top trading partner. Exports to China totaled SR11.4 billion, accounting for 12.6 percent of total exports in April 2025, while imports from China reached SR19 billion, representing 25 percent of total imports for the same month. The International Trade Statistics are based on administrative records from the Zakat, Tax and Customs Authority for non-oil data and the Ministry of Energy for oil data, where the Kingdom's exports and imports are classified according to the 2022 Harmonized Commodity Description and Coding System.
Saudi Gazette
25-05-2025
- Business
- Saudi Gazette
Saudi Arabia completes SR60.4 billion debt buyback, issues SR60.3 billion in new sukuk
Saudi Gazette report RIYADH — Saudi Arabia's National Debt Management Center (NDMC) has completed an early buyback of government debt maturing between 2025 and 2029, with a total value of approximately SR60.4 billion, while simultaneously issuing SR60.3 billion in new sukuk across five tranches. The initiative is part of NDMC's strategy to enhance the efficiency of public debt management and support the development of the local debt market. It also aligns with broader efforts to strengthen public finances and optimize the government's debt maturity profile over the medium and long term. The new sukuk issuances are structured as follows: The first tranche amounts to SR21.5 billion, maturing in 2032. The second tranche is valued at SR1.8 billion and matures in 2035. The third tranche totals SR14.2 billion with maturity in 2036, while the fourth tranche is SR5.9 billion, maturing in 2039. The fifth and final tranche is SR16.9 billion, with a maturity set for 2040. The transaction reflects continued demand for Saudi sukuk and forms part of the Kingdom's commitment to proactive fiscal planning and sustainable financial policy under Vision 2030. The Ministry of Finance and NDMC appointed HSBC Saudi Arabia, AlAhli Capital, Al Rajhi Capital, AlJazira Capital, and Alinma Investment as joint lead managers for the issuance.
