AI Summary
Financial impact of sukuk redemption to reflect in Q1 2026: Riyad Bank
Riyad Bank will redeem in full its SAR 3 billion Tier 2 sukuk, due in 2031, the bank said in a statement to Tadawul.
The sukuk, trading under the symbol 1013 (Riyad Bank Tier 2 Sukuk), will be called at par value (100% of the issue price) upon the completion of the fifth year today, Feb. 9.
The bank added that the financial impact of the sukuk redemption will be reflected in its financial statements for the first quarter of 2026.
The table below shows the details of the redeemed sukuk:
|
Details of Redeemed Sukuk |
|
|
Sukuk Type |
SAR-denominated Tier 2 Sukuk |
|
Sukuk Value |
SAR 3 bln |
|
Redemption Ratio |
100 % |
|
Total Number of Sukuk |
3,000 (based on the minimum denomination and total size) |
|
Issue Date |
Feb. 9, 2021 |
|
Trading End Date |
Feb. 9, 2026 |
|
Nominal Value per Sak at Redemption |
SAR 1 mln |
|
Date of Depositing the Amounts in the Sukuk Holders Accounts |
Feb. 9, 2026 |
Be the first to comment
Comments Analysis: