Logo ofBank AlJazira
Bank AlJaziracommenced the issuance of sukuk, under the Tier 1 Issuance program, through a private placement in Saudi Arabia, the lender said in a statement on Tadawul. 
Sukuk Issuance Details
Offer Type
SAR-denominated additional Tier 1 Sukuk
Offer Value
To be determined as per market conditions.
Start Date
Dec. 26, 2024
End Date
Jan. 8, 2024
Target Class
Institutional and qualified clients as defined by the Rules on the Offer of Securities and Continuing Obligations issued by the Capital Market Authority.
Lead Manager
The bank has mandated AlJazira Capital, Al Rajhi Capital and HSBC Saudi Arabia as joint lead managers and dealers.
Minimum Subscription Limit
SAR 1 mln
Offer Price
Subject to market conditions
Par Value
SAR 1 mln
Sukuk Return
Subject to market conditions
Maturity
Perpetual subject to early redemption on a call date or as otherwise specified in the terms and conditions.
Terms of Redemption
The sukuk are perpetual securities, with some redemption rights in certain cases as detailed in the offering circular in relation to the sukuk.
For more news on listed companies
According to data compiled by Argaam, Bank AlJazira announced on Dec. 25 plans to issue a SAR-denominated Additional Tier 1 sukuk through a private placement in Saudi Arabia, aligning with its SAR 5 billion Tier 1 Sukuk Issuance program.
Logo ofBank AlJazira
Bank AlJaziracommenced the issuance of sukuk, under the Tier 1 Issuance program, through a private placement in Saudi Arabia, the lender said in a statement on Tadawul.
Sukuk Issuance Details
Offer Type
SAR-denominated additional Tier 1 Sukuk
Offer Value
To be determined as per market conditions.
Start Date
Dec. 26, 2024
End Date
Jan. 8, 2024
Target Class
Institutional and qualified clients as defined by the Rules on the Offer of Securities and Continuing Obligations issued by the Capital Market Authority.
Lead Manager
The bank has mandated AlJazira Capital, Al Rajhi Capital and HSBC Saudi Arabia as joint lead managers and dealers.
Minimum Subscription Limit
SAR 1 mln
Offer Price
Subject to market conditions
Par Value
SAR 1 mln
Sukuk Return
Subject to market conditions
Maturity
Perpetual subject to early redemption on a call date or as otherwise specified in the terms and conditions.
Terms of Redemption
The sukuk are perpetual securities, with some redemption rights in certain cases as detailed in the offering circular in relation to the sukuk.
For more news on listed companies
According to data compiled by Argaam, Bank AlJazira announced on Dec. 25 plans to issue a SAR-denominated Additional Tier 1 sukuk through a private placement in Saudi Arabia, aligning with its SAR 5 billion Tier 1 Sukuk Issuance program.
