Al Rajhi Bank completes $1B sukuk offering

10/09/2025 Argaam
Al Rajhi Bank tower

Al Rajhi Bank tower

Al Rajhi Bank completed issuing $1billion Tier 2 social sukuk, under its international sukuk program.

 

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The sukuk is expected to be settled on Sept. 16, the bank said in a statement to Tadawul.

 

Details

Offer Type

USD-denominated Tier 2 social sukuk

Issuance Value

$1 bln

Total Number of Sukuk

5,000 (Based on the minimum denomination per tranche and the total issuance size)

Nominal Value

$200,000

Return

5.65% per annum

Maturity Period

10.5 years, may be redeemed after 5 years

Redemption Terms

The sukuk may be redeemed under certain conditions as detailed in the offering circular

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