Al Rajhi Bank begins offering USD-denominated Tier 2 social sukuk

Al Rajhi Bank says sukuk’s final value, terms to be determined on market conditions

Al Rajhi Bank announced the launch of a USD-denominated Tier 2 social sukuk, issued through a special purpose vehicle (SPV) and offered to qualified investors inside and outside Saudi Arabia.

 

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The bank said in a statement on Tadawul that the final value and terms of the sukuk issuance will be determined based on market conditions.

 

Offering Details

Item

Details

Type

USD-denominated Tier 2 social sukuk

Value

Based on market conditions

Start Date

Sept. 9, 2025

End Date

Sept. 10, 2025

Eligible Investors

Local and international qualified investors

Joint Lead Managers & Bookrunners

Al Rajhi Capital, Crédit Agricole, Citigroup, DBS Bank, Goldman Sachs, HSBC, J.P. Morgan Securities, MUFG Securities EMEA, Natixis, Nomura International, and Standard Chartered

Minimum Subscription Limit

$200,000, with increments of $1,000

Issue Price

To be determined based on market conditions

Par Value

$200,000

Return

To be determined based on market conditions

Maturity

10.5 years, callable after 5 years

Redemption Terms

The sukuk may be redeemed under certain circumstances as detailed in the sukuk offering document
 

Al Rajhi Bank stressed that the announcement does not constitute an invitation, offer, or recommendation to subscribe for or purchase any securities, and remains subject to the sukuk’s terms and conditions. The bank will announce any material developments in due course, in line with applicable regulations.

 

The sukuk will be listed on the London Stock Exchange’s International Securities Market and offered under Regulation S of the US Securities Act of 1933, as amended.

 

The bank added that the stated closing date is indicative and subject to market conditions.

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