SAB plans USD-denominated AT1 sukuk issuance under $5B program

12/05/2025 Argaam
Logo ofThe Saudi Awwal Bank (SAB)

Logo of The Saudi Awwal Bank (SAB)

Saudi Awwal Bank (SAB) announced plans to issue USD-denominated, sustainable additional Tier 1 (AT1) capital sukuk through a private placement, both locally and internationally, under its $5 billion AT1 sukuk program, according to a statement to Tadawul.

 

For more news on listed companies

 

The bank appointed HSBC Bank PLC, BofA Securities, Citigroup Global Markets Limited, J.P. Morgan Securities PLC, Kamco Investment Company, Mizuho International PLC, Standard Chartered Bank, and Warba Bank as joint lead managers for the potential offering.

 

The size and terms of the issuance will be determined based on prevailing market conditions. Proceeds from the offering are intended to bolster the bank’s capital base and support its long-term strategic objectives, in line with its sustainable finance framework.

 

The offering remains subject to regulatory approvals and will be conducted in accordance with applicable laws and regulations. The bank’s board approved the potential issuance on 24 October 2024.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
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.