AI Summary
Logo of Al Rajhi Bank
Al Rajhi Bank started the issuance of dollar-denominated social additional tier 1 (AT1) capital sukuk, through a special purpose vehicle, to eligible investors locally and internationally, according to a Tadawul statement.
The amount and terms of the offer will be determined subject to the market conditions, the bank said.
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Details |
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Offer Type |
US dollar-denominated social AT1 capital sukuk |
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Value |
The amount and terms of the offer will be determined subject to the market conditions |
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Start Date |
Jan. 7, 2026 |
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End Date |
Jan. 8, 2026 |
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Target Investors |
Eligible investors locally and internationally |
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Offer Managers |
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 Warba are joint lead managers, and Affin Bank is a co-manager |
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Minimum Subscription |
$200,000 and in increments of $1,000 in excess thereof |
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Offer 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 5 years. |
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Terms of Redemption |
The sukuk may be redeemed in certain cases as detailed in the offering circular in relation to the sukuk. |
This announcement is not intended as an invitation or offer to purchase, acquire or subscribe to any securities and is subject to the terms and conditions of the sukuk.
The bank will announce any other relevant material developments in due course as required by the relevant rules and regulations.
The sukuk will be listed on the London Stock Exchange's International Securities Market. They may be sold in reliance on Regulation S under the US Securities Act of 1933, as amended.
The offer end date referred to above is the expected date of the end of the offer, subject to market conditions.
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