Under the patronage of His Excellency the Minister of Finance, Chairman of the Board of Directors of the National Center for Debt Management, Mr. Muhammad bin Abdullah Al-Jadaan, the Center inaugurated its new identity and official logo in a virtual ceremony held this morning. The ceremony also included the launch of the center’s electronic portal to be on the link www.ndmc.gov.sa In addition to his official accounts on social networks (Twitter – Linkedin – YouTube) with the identifier (@SaudiNDMC).
On this occasion, His Excellency the Minister of Finance, Mr. Mohammed bin Abdullah Al-Jadaan said that the National Center for Debt Management, which is classified as one of the national entities supporting the programs of the Kingdom’s Vision 2030, is one of the most developed and successful debt centers in the region with its unprecedented achievements in the international debt market and its active contributions to the debt market the local. In addition to its role in securing the Kingdom’s financing needs in accordance with the objectives of the fiscal policy and the public debt strategy, it contributes significantly to achieving a sustainable financial policy and achieving public financial sustainability, which reflects the stability of the Kingdom’s economic and financial strength. His Excellency stressed that the new identity of the National Center for Debt Management will significantly help in achieving the strategic objectives of the Center and in consolidating and building strategic relationships with investors in various countries of the world.
The new identity of the National Center for Debt Management is an embodiment of the center’s ambitious strategy, as it derives its motives from the Kingdom’s Vision 2030, to translate in its entirety the ambitious national aspirations towards a better financial future in the short, medium and long term with risks consistent with the Kingdom’s financial policies, and the great and unlimited support that the sector enjoys Finance in the Kingdom from the Custodian of the Two Holy Mosques and His Highness the Crown Prince, may God preserve them.
The launch of the center for the new identity and the electronic portal and its accounts in social networks is one of the steps of the strategic transformation carried out by the center in addition to the development of its internal organizational structure, which will be reflected on its institutional performance and its strategic relations inside and outside the Kingdom, and through which it looks forward to a new stage that keeps pace with the dynamics of development, development and growth. Accelerated on all fronts.
The inauguration of the center’s new identity and official motto came as an activation of Cabinet Resolution No. (139) dated 16/2/1441 AH, which stipulates the transformation of the (Public Debt Management) office in the Ministry of Finance into a center named (National Center for Debt Management), where the center enjoys an independent legal personality. And financial and administrative independence, and it is organizationally linked to the Minister of Finance, to carry out the tasks of debt management, including securing financing needs at the best cost and proposing debt policies at the medium and long-term level. The Center also witnessed an expansion in the scope of its work, which is not limited only to financing financing needs, but to follow-up credit rating work. Raising human capabilities and empowering and supporting entities with the aim of contributing to achieving the Kingdom’s Vision 2030.