Al Rajhi Bank plans USD-denominated AT1 capital sukuk

06/01/2026 Argaam
Al Rajhi Bank says amount and terms of the sukuk will be based on market conditions

Al Rajhi Bank says amount and terms of the sukuk will be based on market conditions  

Al Rajhi Bank intends to issue dollar-denominated social additional tier 1 (AT1) capital sukuk, under its international AT1 capital sukuk program established on April 18, 2024.

 

According to a statement on Tadawul, the bank plans to issue the sukuk through a special purpose vehicle. The offering will be to qualified investors inside and outside the Kingdom.
 

The bank appointed Al Rajhi Capital, Goldman Sachs International, HSBC, Morgan Stanley, Standard Chartered Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, Mashreq, Nomura, and Rabeh as joint lead managers and bookrunners, and Aven Bank as co-manager.

 

The value and terms of the sukuk will be determined based on market conditions.

 

The issuance aims to strengthen AT1 capital, support general banking purposes, and achieve the bank’s financial and strategic objectives in line with its sustainable financing framework.

 

The bank confirmed that the offering is subject to the approval of the relevant regulatory authorities and will be carried out in accordance with applicable laws and regulations.

 

Al Rajhi Bank will announce any other material developments in due course in line with the relevant rules and regulations.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.