SAB to issue USD-denominated Tier 2 green notes

25/08/2025 Argaam
Logo ofSaudi Awwal Bank (SAB)

Logo of Saudi Awwal Bank (SAB) 

Saudi Awwal Bank (SAB) plans to issue US dollar-denominated Tier 2 capital green notes, to qualified investors both inside and outside Saudi Arabia, under its medium-term note program.

 

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In a statement to Tadawul, the bank said the value and terms of the issuance will be determined later based on market conditions. It noted that the issuance aims to strengthen Tier 2 capital, support the bank’s general corporate purposes, and achieve its financial and strategic objectives, all in line with its sustainable financing framework.

 

The bank added that it appointed HSBC Bank, Goldman Sachs International, Abu Dhabi Commercial Bank (ADCB), Citigroup Global Markets Limited, DBS Bank Ltd, Emirates NBD PJSC, Mashreq Bank PSC, Mizuho International PLC, and Société Générale as joint lead managers for the potential offering.

 

The offering is subject to regulatory approvals and will be done in compliance with all applicable laws and regulations, the statement added.

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