In the first half of 2025, Saudi Arabia remained the largest issuer in the GCC debt market, issuing $47.9 billion in bonds and sukuk—though this reflects a nearly 20% year-over-year decline. The majority of issuances were in U.S. dollars, and there’s a noticeable shift toward conventional debt over Islamic structures, highlighting evolving strategies in regional fixed-income markets.

Source: The Time Of India