AI Summary
Logo of Saudi Investment Bank (SAIB)
The Saudi Investment Bank (SAIB) began today, April 8, issuing SAR-denominated Additional Tier 1 (AT1) sukuk, under its AT1 sukuk issuance program.
The issuance is being conducted through a private placement to qualified investors within Saudi Arabia.
The final size and terms of the sukuk will be determined later based on market conditions.
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Offering Summary |
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Issue Type |
SAR-denominated AT1 sukuk |
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Offer Value |
To be determined based on market conditions |
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Offering Start Date |
April 8, 2026 |
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Offering End Date |
May 7, 2026 |
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Target Classes |
Qualified investors in Saudi Arabia |
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Issuance Manager |
Alistithmar Capital and Al Rajhi Capital as joint lead managers and bookrunners |
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Subscription Minimum Limit |
SAR 1 mln |
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Offering Price |
Subject to market conditions. |
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Par Value |
SAR 1 mln |
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Return |
Subject to market conditions. |
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Maturity |
Perpetual (no fixed maturity date), with the option for early redemption on the first call date or as specified in the base prospectus and the applicable final terms of the sukuk. |
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Terms of Redemption |
The sukuk are perpetual and have no specified maturity. However, they may be redeemed early by the bank under certain conditions, as detailed in the base prospectus and the applicable final terms. |
The bank 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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