6 Shawwal 1446 - 5 April 2025
    
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Eye of Riyadh
Business & Money | Thursday 23 January, 2025 11:05 am |
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Riyad Bank completes SAR 2B sukuk offering

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Riyad Bank completed its SAR-denominated additional Tier 1 capital sukuk issuance under its SAR additional Tier 1 Sukuk program, worth SAR 2 billion, the lender said in a statement on Tadawul.

 

The sukuk will be settled on Jan. 23, the statement added.

 

Sukuk Issuance Details
Offer TypeSAR-denominated additional Tier 1 capital sukuk
Offer ValueSAR 2 bln
Total No. of Sukuk8000 suk
Par ValueSAR 250,000
Sukuk Return6% annually
MaturityPerpetual subject to early redemption on a call date or as otherwise specified in the base offering circular and the applicable final terms relating to the sukuk
Terms of Redemption       The sukuk are perpetual securities and accordingly do not have a fixed or final redemption date. However, they may be redeemed in certain cases as detailed in the base offering circular and the applicable final terms in relation to the sukuk.
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