SAB completes SAR 2B AT1 sukuk issuance

24/07/2025 Argaam
Logo ofSaudi Awwal Bank (SAB)

Logo of Saudi Awwal Bank (SAB)

Saudi Awwal Bank (SAB) completed the issuance of a SAR-denominated Additional Tier 1 (AT1) sukuk issuance worth SAR 2 billion, according to a Tadawul statement. 

 

Offering Details

Offer Type

SAR-denominated AT1 green sukuk

 

Offer Value

SAR 2 bln

Total No. of Sukuk

2,000

Nominal Value

SAR 1 mln

Return

6.30% annually

Maturity

Perpetual (subject to early redemption on a call date or as otherwise specified in the base offering circular and the applicable final terms relating to the sukuk)

Terms of Redemption

The sukuk are perpetual and have no fixed or final redemption date. However, they may be redeemed in certain cases as detailed in the base offering circular and the applicable final terms in relation to the sukuk.
 

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