Al Rajhi Bank’s tower
Al Rajhi Bank commenced today, March 5, the US dollar-denominated sustainable sukuk offering under its international sukuk issuance program.
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Offer Details |
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Offer Type |
Dollar-denominated sustainable sukuk |
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Issuance Value |
The number and terms will be set based on market conditions |
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Offer Start Date |
March 5, 2024 |
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Offer End Date |
March 6, 2024 |
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Target Category |
Qualified investors inside and outside Saudi Arabia |
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Joint Lead Managers and Bookrunners |
Al Rajhi Capital, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Citigroup Global Markets Limited, Dubai Islamic Bank., Emirates NBD Capital Limited, First Abu Dhabi Bank, Goldman Sachs International, HSBC Bank plc, KFH Capital Investment Company K.S.C.C., SMBC Capital Markets Limited, Société Générale and Standard Chartered Bank |
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Minimum Limit |
$200,000, with increments of $1,000 |
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Offer Price |
Based on market conditions |
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Nominal Value |
$200,000 |
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Return |
Based on market conditions |
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Maturity Period |
5 years |
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Redemption Terms |
The sukuk may be redeemed before the scheduled maturity date under certain conditions as detailed in the offering circular |
This announcement does not constitute an invitation or an offer to buy, own, or subscribe to any securities. It is subject to the sukuk terms and conditions, the bank said in a statement to Tadawul.
The sukuk will be listed on London Stock Exchange's International Securities Market (ISM). The sale of the sukuk is permissible only in accordance with Regulation S of the US Securities Act of 1933, as amended.
The offering end date mentioned above is an expected date, subject to market conditions.
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