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Bank Albilad offers sukuk to qualified investors inside and outside Saudi Arabia
Bank Albilad started the issuance of USD-denominated additional tier 1 (AT1) capital sukuk through a private placement inside and outside Saudi Arabia, under its $2 billion AT1 capital sukuk program.
According to a statement on Tadawul, the bank said the value and terms of the sukuk will be determined at a later stage based on prevailing market conditions.
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Sukuk Issuance Details |
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Type |
USD-denominated AT1 sukuk |
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Value |
To be determined as per market conditions |
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Start Date |
Jan. 8, 2026 |
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End Date |
Jan. 11, 2026 |
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Target Class |
Qualified investors locally and internationally |
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Lead Manager |
Abu Dhabi Commercial Bank, Albilad Capital, Dubai Islamic Bank, Emirates NBD Capital Limited, HSBC, Mashreqbank, Standard Chartered, and Warba Bank |
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Minimum Subscription Limit |
$200,000 with increments in multiples of $1,000 |
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Offer Price |
Subject to market conditions |
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Par Value |
$200,000 |
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Sukuk Return |
Subject to market conditions |
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Maturity |
Perpetual (without a fixed or final redemption date) |
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Terms of Redemption |
The bank may redeem the sukuk in certain cases as detailed in the base-offering circular, the supplement base offering circular, and the applicable final terms relating to the sukuk. |
The bank said the announcement does not constitute an invitation or offer to purchase, own, or subscribe to any securities, noting that it will disclose any other material developments in due course in accordance with relevant rules and regulations.
The sukuk will be listed on London Stock Exchange (LSE), and will be offered, sold, and delivered outside the US only, through offshore transactions to non-US persons in reliance on Regulation S of the US Securities Act of 1933, as amended.
The bank noted that the offering end date mentioned above is indicative and remains subject to market conditions.
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