Riyadh, July (پاکستان پوائنٹ نیوز 27 يوليو 2025ء) This brings the number of international financial institutions in the Primary dealers program to six, alongside BNP Paribas, Citigroup, Goldman Sachs, J.P. Morgan, and Standard Chartered Bank. The program also includes ten local financial institutions: the Saudi National Bank (SNB), Saudi Awwal Bank (SAB), AlJazira Bank, Alinma Bank, AlRajhi Bank, Albilad Capital, AlJazira Capital, AlRajhi Capital, Derayah Financial Company, and Saudi Fransi Capital.
The agreement is part of ongoing efforts to achieve the objectives of Saudi Vision 2030 under the Financial Sector Development Program (FSDP), by empowering financial institutions and developing an advanced capital market. It also highlights the role of the NDMC in enhancing access to local debt markets through investor base diversification, ensuring sustained access, and supporting the development of the secondary market.
Applications for subscription in the primary market for the government’s local debt instruments are submitted to the NDMC through the appointed primary dealers on a scheduled monthly basis, with these dealers receiving and processing applications submitted by investors.
