Riyad Capital Strengthens its Leadership in Debt Capital Markets with Completion of SAR 10 Billion Sukuk Issuance for Riyad Bank

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Riyad Capital, in its capacity as Financial Advisor, Sole Arranger and Dealer, announced the completion of Riyad Bank’s SAR 10 billion Additional Tier 1 Capital Sukuk issuance, a landmark transaction that reflects Riyad Capital’s deep expertise and integrated capabilities in structuring, arranging and executing debt capital markets transactions.

The issuance witnessed exceptional investor demand, with the total order book reaching SAR 13.594 billion, compared to the originally targeted issuance value of SAR 5 billion, representing 2.72 times coverage and enabling the issuance value to be increased to SAR 10 billion. The total number of subscribers exceeded 25,500 institutional and individual investors, reflecting the effectiveness of Riyad Capital’s distribution platform and its broad reach across different investor segments, alongside the attractiveness of the issuance and the quality of its structure.

Abdullah Alshwer, PhD, CFA, Chief Executive Officer of Riyad Capital, said: “We are proud of our partnership with Riyad Bank on this landmark issuance, which demonstrates the strength of the integrated Riyad Bank Group ecosystem and the alignment of roles and expertise across its different entities to deliver outstanding results. The exceptional demand for the issuance underscores its attractiveness, the quality of its structure and the strong confidence investors place in the Group. This offering is also significant for its role in broadening the investor base and increasing participation in the Sukuk and debt capital markets, contributing to greater depth in the Kingdom’s capital market. Riyad Capital’s role as Financial Advisor, Sole Arranger and Dealer reflects our specialized expertise and integrated capabilities across structuring, arranging, execution and distribution, further strengthening our position as a trusted partner to issuers in delivering landmark debt capital markets transactions. We congratulate Riyad Bank on the success of this issuance and look forward to building on this partnership and the strength of our integrated Group ecosystem to achieve further successes.”

This issuance builds on Riyad Capital’s track record in debt capital markets and its experience in providing issuers with integrated solutions across all stages of an issuance, from structuring and arranging through to execution and distribution. Riyad Capital has played key roles in a number of issuances for a diverse range of issuers, including Saudi Aramco, Sumou Investment and the Saudi Real Estate Refinance Company, demonstrating the breadth of its expertise and its ability to execute a wide range of transactions in the Saudi market.

Riyad Capital’s track record with Riyad Bank also extends across a series of Additional Tier 1 Capital Sukuk issuances, including a SAR 1.25 billion issuance earlier this year and a SAR 2 billion issuance last year, culminating in the current SAR 10 billion issuance.