Al Rajhi Bank issues prospectus for SAR-denominated Sukuk offering

Logo of Al Rajhi Bank

Al Rajhi Bank issued today, Oct. 23, its prospectus for a SAR-denominated additional Tier 1 Sukuk offering.

 

On Oct. 20, the Capital Market Authority (CMA) approved Al Rajhi Bank's request for the registration and public offering of the debt instruments within a program worth no more than SAR 10 billion.

 

Sukuk Issue Highlights

Issuer

Al Rajhi Bank

Sole Arranger/Sukukholders’ Agent/Payment Administrator

Al Rajhi Capital

Target Participants

Eligible natural and legal persons in the Kingdom and any other relevant jurisdiction

Maximum Number of Sukuk

10 mln 

Maximum Value of Sukuk

SAR 10 bln

Minimum Number of Sukuk

Five

Minimum Value of Sukuk

SAR 5,000

Offer Period

The period of each tranche will be specified in the applicable final terms

Currency

SAR

Denomination

SAR 1,000

 

For More IPOs

Issue Prospectus

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