Saudi Aramco issues USD-denominated sukuk

Issuance Details

Type

US dollar-denominated, direct, unsubordinated, unsecured and limited recourse obligations of SA Global Sukuk Limited.

Offering Amount

Subject to market conditions

Start Date

Sept. 10, 2025

End Date

Sept. 17, 2025

Target Investors

Institutional investors (qualified investors in the jurisdictions in which the offering will be made in accordance with the rules and regulations of such jurisdictions).

Issuance Manager

Al Rajhi Capital, Citigroup, DIB, First Abu Dhabi Bank, Goldman Sachs International, HSBC, JPMorgan, KFH Capital and Standard Chartered Bank as active joint bookrunners.

Abu Dhabi Commercial Bank, Albilad Capital, Alinma Capital, Bank of China, Emirates NBD Capital, Mizuho, MUFG, Sharjah Islamic Bank and SMBC as passive joint bookrunners.

Minimum Subscription Value

$200,000 with integral multiples of $1,000 in excess thereof, subject to market conditions.

Offering price

Subject to market conditions

Nominal Value

$200,000

Return

Subject to market conditions

Maturity

Subject to market conditions

Terms of Redemption

Redemption (dissolution) on maturity (Scheduled Dissolution Date); redemption following a dissolution event; early dissolution upon a tax event (at the option of Saudi Aramco); clean-up dissolution right (at the option of Saudi Aramco); dissolution upon a total loss event; tangibility event put right (at the option of certificate holders); optional dissolution right (at the option of Saudi Aramco); make whole dissolution right (at the option of Saudi Aramco); and change of control put right (at the option of certificate holders), each to be determined subject to market conditions.