Logo ofRiyad Bank
Riyad Bankcommenced the issuance of SAR-denominated additional Tier 1 capital Sukuk through a private placement in Saudi Arabia, under its SAR 10 billion additional Tier 1 Capital sukuk program, 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
Jan. 7, 2025
End Date
Jan. 16, 2025
Target Class
Institutional and qualified clients as defined by the Capital Market Authority.
Lead Manager
Riyad Capital
Minimum Subscription Limit
SAR 250,000
Offer Price
Subject to market conditions
Par Value
SAR 250,000
Sukuk Return
Subject to market conditions
Maturity
Perpetual 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.
The offering end date referred to above is an expected date, subject to market conditions.
Riyad Bank will announce any other relevant material developments in due course.
According to data available on Argaam, Riyad Bank recently announced plan to issue SAR-denominated additional Tier 1 capital sukuk through a private placement in Saudi Arabia, under its SAR 10 billion additional Tier 1 Capital Sukuk program.
Logo ofRiyad Bank
Riyad Bankcommenced the issuance of SAR-denominated additional Tier 1 capital Sukuk through a private placement in Saudi Arabia, under its SAR 10 billion additional Tier 1 Capital sukuk program, 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
Jan. 7, 2025
End Date
Jan. 16, 2025
Target Class
Institutional and qualified clients as defined by the Capital Market Authority.
Lead Manager
Riyad Capital
Minimum Subscription Limit
SAR 250,000
Offer Price
Subject to market conditions
Par Value
SAR 250,000
Sukuk Return
Subject to market conditions
Maturity
Perpetual 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.
The offering end date referred to above is an expected date, subject to market conditions.
Riyad Bank will announce any other relevant material developments in due course.
According to data available on Argaam, Riyad Bank recently announced plan to issue SAR-denominated additional Tier 1 capital sukuk through a private placement in Saudi Arabia, under its SAR 10 billion additional Tier 1 Capital Sukuk program.
