AI Summary
Riyad Bank will redeem the sukuk at par on Feb. 9, 2026
Riyad Bank intends to redeem in full its SAR 3 billion Tier 2 sukuk, due in 2031, five years early on Feb. 9, 2026.
The sukuk, with trading symbol 1013 (Riyad Bank Tier 2 Sukuk), will be called at par value (100% of the issue price).
In accordance with the sukuk’s terms and conditions, Riyad Bank is entitled to redeem the sukuk on the periodic profit distribution date—Feb. 9, 2026. The bank secured the relevant regulatory approvals.
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Details of Redeemed Sukuk |
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Sukuk Type |
SAR-denominated Tier 2 Sukuk |
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Sukuk Value |
SAR 3 bln |
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Redemption Ratio |
100 % |
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Total Number of Sukuk |
3,000 (based on the minimum denomination and total size) |
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Issue Date |
Feb. 9, 2021 |
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Trading End Date |
Feb. 9, 2026 |
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Nominal Value per Sak at Redemption |
SAR 1 mln |
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Date of Depositing the Amounts in the Sukuk Holders Accounts |
Feb. 9, 2026 |
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