Arab National Bank (ANB) announced its intention to issue the second tranche of US dollar-denominated Tier 2 sukuk to eligible investors in Saudi Arabia and abroad, the bank said in a bourse filing today, Oct. 19.

 

On Sept. 22, 2020, the board of directors approved the issuance and offering of the sukuk, subject to the market conditions.

 

The sukuk aims to support the bank’s capital base and fulfill its financial and strategic needs.

 

The amount and terms of the sukuk offering will be determined subject to the market conditions.

 

HSBC Bank and JPMorgan Securities were mandated as joint lead managers and book runners, along with Arab National Investment Company, as joint lead manager, to do a series of investor calls, including a global investor call, commencing today.

 

The sukuk offering will be subject to the approval of the relevant regulatory authorities and will be made in accordance with the applicable laws and regulations.

 

The bank will announce any other relevant material developments in due course, the statement noted.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

ANB plans early redemption of SAR 2 bln Sukuk

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request