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Bank AlJazira says capital sukuk will be offered to eligible investors in Saudi Arabia and globally
Bank AlJazira announced plans to issue USD-denominated additional Tier 1 (AT1) sukuk under its AT1 sukuk issuance program, established on Sept. 4, 2025, and pursuant to a board decision on July 16, 2025.
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The issuance is expected to be executed through a special purpose vehicle (SPV) to eligible investors in Saudi Arabia and internationally, according to a statement to Tadawul.
The bank mandated AlJazira Capital, Citigroup Global Markets, Dubai Islamic Bank (DIB), Emirates NBD, JP Morgan Securities, Mashreqbank, and Standard Chartered as joint lead managers and bookrunners for the potential offering.
The value as well as the terms of the sukuk issuance will be determined at a later stage based on market conditions. The funds will be used to improve Tier 1 capital and general corporate purposes, the statement added.
The offering is subject to the approval of the relevant regulatory authorities.
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