Al Rajhi Bank completes issuing $1B sukuk

12/05/2024 Argaam

Al Rajhi Bank completes issuing $1B sukuk

Logo of Al Rajhi Bank

Al Rajhi Bank completed the issuance of USD-denominated additional tier-1 capital sukuk, totaling $1 billion.
 
In a statement to Tadawul, the bank said the total number of sukuk is 5,000 (based on the minimum denomination and total issue volume), with each sukuk having a nominal value of $200,000.
 
The settlement date for the sukuk issuance is scheduled for May 16, 2024, the statement added.

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