AI Summary
Logo of Raya Financing
The Saudi Exchange (Tadawul) announced today, Feb. 23, the listing and trading of Raya Additional Tier 1 Capital Sukuk starting on Wednesday, Feb. 25, with the symbol 5024 and ISIN Code SA16H00IEG39.
According to data available with Argaam, Impact46, the financial advisor and sole arranger, announced on Feb. 8, starting Raya’s public offering of its first sukuk issuance.
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Issuance Details |
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Issue Type |
AT1 capital sukuk |
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Issuer Rating |
Fitch (-BBB) on the national scale |
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Offering Type |
Public offering |
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Tradability |
Tradable on TASI |
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Target Investors |
Retail investors and corporates |
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Issue Size |
To be determined based on demand level and market conditions |
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Annual Return |
Payable quarterly at 8.5% |
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Nominal Value |
SAR 1,000 per certificate |
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Period |
Perpetual sukuk, callable by the issuer after five years and on each subsequent distribution date if not redeemed on the first call date |
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Minimum Subscription Limit |
SAR 1,000 per certificate |
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Zakat |
Deductible capital |
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Offering Start Date |
Feb. 8, 2026 |
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Offering End Date |
Feb. 12, 2026 |
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Financial Advisor and Sole Arranger |
Impact46 |
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Receiving Agents |
SNB Capital – Al Rajhi Capital – AlJazira Capital – Yaqeen Capital – Alkhabeer Capital – Derayah Financial – BSF Capital – Arat Capital – Alistithmar Capital – Albilad Capital – Sukuk Capital – Musharaka Capital – ANB Capital – Riyad Capital – Alinma Capital – EFG Hermes – SAB Invest |
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