AI Summary
The number and value of any sukuk to be offered will be determined based on market conditions
Banque Saudi Fransi (BSF) plans to issue a SAR-denominated additional Tier 1 sukuk under its SAR 8 billion Additional Tier 1 Capital Sukuk Program, according to a statement to Tadawul.
The bank said the number and value of sukuk to be offered will be determined based on market conditions.
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Offering Summary |
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Issue Type |
SAR-denominated additional Tier 1 sukuk under its SAR 8 billion Additional Tier 1 Capital Sukuk Program. |
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Offer Value |
To be determined based on market conditions. |
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Offering Start Date |
Oct. 19, 2025 |
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Offering End Date |
Nov. 10, 2025 |
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Target Classes |
Institutional and qualified investors in accordance with the Rules on the Offer of Securities and Continuing Obligations issued by the Capital Market Authority. |
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Name of Issuance Manager |
The bank has mandated Saudi Fransi Capital as sole bookrunner, lead arranger and lead manager for the private placement. |
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Subscription Minimum Limit |
SAR 1 mln per sak |
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Offering Price |
Subject to market conditions. |
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Par Value |
SAR 1 mln per sak |
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Return |
Subject to market conditions. |
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Maturity |
Perpetual, no specified maturity (subject to early redemption on a call date or as otherwise specified in the terms and conditions). |
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Terms of Redemption |
The sukuk may be redeemed early due to a capital event, tax event or at the option of the Bank as described in the applicable final terms of the sukuk. |
BSF stressed that the announcement does not constitute an invitation or offer to purchase, acquire, or subscribe to any securities, and remains subject to the sukuk’s terms and conditions.
It added that any relevant material developments will be disclosed to shareholders in due course.
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