Bank Albilad plans to redeem SAR 3B in sukuk maturing in 2031

Logo of Bank Albilad

Bank Albilad  plans to fully redeem on April 15 its SAR 3 billion Tier 2 sukuk, due in 2031, at face value.

In a statement to Tadawul today, March 15, the Saudi-listed bank said the 10-year sukuk were issued on April 15, 2021, and are due to mature in 2031.

Under the sukuk terms, Bank Albilad reserves the right to call the instruments on the date of distributing periodic returns on April 15, 2026. It has secured the necessary regulatory approvals.