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Logo of Arab National Bank (ANB)
Arab National Bank (ANB) announced the launch of its USD-denominated sustainable additional Tier 1 (AT1) sukuk offering, starting today, Sept. 2.
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In a statement on Tadawul, the bank said that the final issuance size and terms will be determined based on market conditions.
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Offering details |
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Type |
USD-denominated sustainable AT1 sukuk |
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Value |
Based on market conditions |
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Start Date |
Sept. 2, 2025 |
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End Date |
Sept. 3, 2025 |
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Eligible Investors |
Local and international qualified investors |
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Joint Lead Managers & Bookrunners |
ANB Capital, Arqaam Capital, Citigroup, Crédit Agricole, Deutsche Bank, HSBC, Kamco Investment, Merrill Lynch, SMBC Bank, and Standard Chartered |
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Minimum Subscription Limit |
$200,000 (increments of $1,000) |
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Issue Price |
Subject to market conditions |
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Par Value |
$200,000 |
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Return |
Subject to market conditions |
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Maturity |
Perpetual, callable after five years |
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Redemption Terms |
The debt instruments may be redeemed prior to the scheduled record date in certain cases, as detailed in the offering circular of the AT1 issuance program |
ANB stressed that the announcement does not constitute an invitation, offer, or recommendation to subscribe for or purchase any securities, and remains subject to the sukuk’s terms and conditions. The bank will announce any material developments in due course, in line with applicable regulations.
The sukuk will be listed on the London Stock Exchange’s International Securities Market and offered under Regulation S of the US Securities Act of 1933, as amended.
The bank added that the stated closing date is indicative and subject to market conditions.
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