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Al Rajhi Bank says sukuk’s final value, terms to be determined on market conditions
Al Rajhi Bank announced the launch of a USD-denominated Tier 2 social sukuk, issued through a special purpose vehicle (SPV) and offered to qualified investors inside and outside Saudi Arabia.
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The bank said in a statement on Tadawul that the final value and terms of the sukuk issuance will be determined based on market conditions.
Offering Details
|
Item |
Details |
|
Type |
USD-denominated Tier 2 social sukuk |
|
Value |
Based on market conditions |
|
Start Date |
Sept. 9, 2025 |
|
End Date |
Sept. 10, 2025 |
|
Eligible Investors |
Local and international qualified investors |
|
Joint Lead Managers & Bookrunners |
Al Rajhi Capital, Crédit Agricole, Citigroup, DBS Bank, Goldman Sachs, HSBC, J.P. Morgan Securities, MUFG Securities EMEA, Natixis, Nomura International, and Standard Chartered |
|
Minimum Subscription Limit |
$200,000, with increments of $1,000 |
|
Issue Price |
To be determined based on market conditions |
|
Par Value |
$200,000 |
|
Return |
To be determined based on market conditions |
|
Maturity |
10.5 years, callable after 5 years |
|
Redemption Terms |
The sukuk may be redeemed under certain circumstances as detailed in the sukuk offering document |
Al Rajhi Bank 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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