AI Summary
Al Rajhi Bank said the sukuk issuance will be settled on Jan. 14, 2026.
Al Rajhi Bank announced completing the issuance of $1 billion in US dollar-denominated social additional tier 1 (AT1) capital sukuk.
In a statement published on Tadawul, the bank said that settlement of the sukuk issuance will take place on Jan. 14.
Sukuk Issuance Details
|
Type |
USD-denominated social AT1 capital sukuk |
|
Value |
$1 bln |
|
No. of sukuk |
5,000 (based on minimum currency denomination and total issue volume) |
|
Nominal Value |
$200,000 |
|
Return |
6.15% per annum |
|
Maturity |
Sustainable, callable after 5 years |
|
Redemption Terms |
The sukuk may be redeemed in certain cases as detailed in the base prospectus |
The bank added that the sukuk will be listed on the International Securities Market (ISM) of the London Stock Exchange (LSE) and may be sold under Regulation S of the amended US Securities Act of 1933.
According to Argaam data, Al Rajhi Bank announced on Jan. 7 the launch of a US dollar-denominated social AT1 capital sukuk, through a special-purpose vehicle to eligible investors locally and internationally.
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