Al Rajhi Bank completes issuance of $1B AT1 sukuk

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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