Saudi Ministry of Finance and National Debt Management Center signed an agreement with HSBC to join the Primary Dealers Program of the Government’s Local Debt Instruments

وزارة المالية ومركز إدارة الدين الوطني توقّعان اتفاقية مع بنك HSBC للانضمام إلى برنامج المتعاملين الرئيسيين لأدوات الدين المحلية الحكومية

The Saudi Ministry of Finance and the National Debt Management Center (NDMC) signed an agreement with HSBC appointing it as a primary dealer in the government's local debt instruments, joining six other international institutions (BNP Paribas, Citigroup, Goldman Sachs, J.P. Morgan, Societe Generale, Standard Chartered Bank) and ten local institutions (SNB, SAB, Bank AlJazira, Alinma Bank, AlRajhi Bank, Albilad Capital, AlJazira Capital, AlRajhi Capital, Derayah Financial Company, Saudi Fransi Capital). The agreement supports the Financial Sector Development Program strategy under Saudi Vision 2030 and the NDMC's role in diversifying the investor base for local debt markets. Applications to subscribe in the primary market are submitted to the NDMC through appointed primary dealers on a scheduled monthly basis.

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